Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.
The tiny town of Innisfil (with a population of 36,500), situated about 45 minutes north of Toronto, just approved an initiative that will allow its residents to satisfy their municipal taxes (income taxes and property taxes) in bitcoin, beginning in April 2019.
Andrei Poliakov, the founder and CEO of Coinberry, told Bitcoin Magazine that the exchange has been in talks with officials for some months, after Kyle Kemper of the Blockchain Association of Canada connected the private and public entities. A live hearing was held on March 27, 2019, to pass the initiative and it went off without a hitch, Poliakov said.
“The staff, councils and mayor of the town of Innisfil are extremely forward thinking and innovative,” Poliakov enthused. “Coinberry approached the town with a proposal to…