August 7, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Crypto is the Latest Craze that Colorado is Trying to Capitalize On

1 min read

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Happy April 1! While this may sound like an April Fool’s prank, Colorado isn’t joking: With cryptocurrencies booming and blockchain technology becoming more widely accepted, the state is selling itself as a capital for both industries.

“We’ve got an open, hospitable environment. We’ve got more than a dozen blockchain tech companies located in the state right now,” says Thaddeus Batt, who in 2019 was hired as the state’s chief blockchain architect.

In fact, Governor Jared Polis‘s administration is working to have a system in place by the end of summer that would allow residents and entities in Colorado to pay their taxes using cryptocurrency.

“First we’ll do a pilot with the taxes, and then we’ll roll it out for more and more types of transactions so that it is a readily…

Conor McCormick-Cavanagh

2022-04-01 08:23:11

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