Colorado governor says he expects state to accept tax payments in crypto by summer

The governor added that paying taxes in crypto was the first step, with using digital asset payments for certain licenses to follow.

In a CNBC interview on Tuesday, police said crypto holders in Colorado could have the option of sending tax payments in digital currency, which the state would then convert back into fiat. The governor said that an unnamed intermediary would likely handle the exchange of crypto to fiat.

We expect by this summer - pretty soon - to accept crypto for all of our state tax-related purposes, said Polis. Then we plan to roll that out across all of state government for things like, could be as simple as driver’s license or hunting license within a few months after that.