Australian Mayor downplays crypto volatility, recommends it for rates payments
Cointelegraph
Published Jun 06, 2022 12:38AM ET
Updated Jun 06, 2022 02:40AM ET
Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.
"Why can't we pay rates on cryptocurrency if the risk is not high?" said Tate, speaking to local media outlet ABC News on June 5, just over a week before the council is due to hand down its annual budget. "The volatility is not that bad.”
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Written By: Cointelegraph
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