Florida to Accept Bitcoin for Taxes?

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 24 March 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. Today NLW looks at global crypto news, including: El Salvador’s bitcoin bond delay. Florida Governor DeSantis’ comments about accepting crypto for taxes. New York moves forward with a mining moratorium. India’s crypto tax policy to be passed in legislation this week. Thailand bans crypto for payments. How bitcoin is being used by Ukrainian refugees. - Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Joe Raedle/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:22.6	What's going on, guys? It is Wednesday, March 23rd, and today we are doing a little global
0:28.4	crypto roundup. We're talking El Salvador's bond delay and what that means. India's new
0:34.6	crypto tax policy coming online and much, much more. Before that, however, if you are
0:40.4	enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want
0:45.4	to get deeper into the conversation. Come join us on the breakers discord. You can find a link in the
0:49.8	show notes or go to bit.ly, that's L-Y slash breakdown pod. Also, a disclosure as always, in addition to them
0:57.0	being a sponsor of the show, I also work with FTX. And finally, one more quick note before the show
1:04.6	starts. If you haven't bought your tickets yet, I highly suggest you check out CoinDesk's Consensus 2020, which this year
1:13.8	is happening in Austin, Texas from June 9th through June 12th. This is one of the crypto industry's
1:19.9	biggest events and has topics and voices representing a huge cross-section of the industry.
1:25.5	There are the CZs and SBFs, but also Punk 6-529, Kathy Wood, and so many more.
1:32.3	It should be a really good time. If you're interested, you can use code breakdown for 15%
1:37.0	off, and you can learn more at coindesk.com slash consensus 2022. But with that, let's get to the show and let's do a global crypto roundup.
1:47.5	Obviously, there has been so much U.S.-based regulation stuff to cover over the last couple
1:52.1	months. And one bit of feedback I've heard from numerous people is that you'd like to have
1:56.3	more global perspective as well. So that is what we're doing today. And we're going to start in El Salvador first.
2:03.5	Last we checked in, there were some indications of a potential delay.
2:08.0	Originally, the finance minister in El Salvador thought that the bond might be available the week of March 15th to March 20th.
2:14.0	However, the war in Ukraine and the resulting economic volatility was last we heard
	...

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