Florida Gov, Ron DeSantis Proposes Bill To Allow Businesses Pay State Fees With Cryptocurrencies

Posted by

Florida Gov. Ron DeSantis has proposed a bill that will let business pay state fees with cryptocurrencies.

He also suggested exploring ways to use blockchain technology for car titles and Medicaid payments.

The Republican governor announced the idea in his 2022-23 budget proposal.

In his “Freedom First Budget,” DeSantis announced that a whopping $200,000 should be provided to the state’s financial services department in order to give them the ability to accept state fees from Florida corporations in cryptocurrency.

He also proposed allocating another $500,000 to exploring the use of blockchain technology to maintain motor vehicle titles and identify potential fraud in business transactions.

According to a report from Fortune, DeSantis said he’s hoping to make the state government “crypto friendly.”

Leave a Reply

Your email address will not be published. Required fields are marked *