Cryptocurrency tax payment is a concept quickly gaining popularity across government officials around the globe, and Bermuda is next on the bandwagon. Circle, in its latest report, revealed that Bermuda had earned the title of the first government to allow for tax, fees, and other services to paid as cryptocurrency as opposed to the norm. They declared that they would now accept payment through stablecoin USD coin (USDC). Why cryptocurrency tax payment in Bermuda? The integration of such a system stems from the country’s attempts to support the usage of both cryptocurrency and decentralized financial services and procedures for cryptocurrency
