Detroit Becomes Largest US City to Accept Bitcoin and Crypto for Taxes
Detroit, Michigan has become the largest US city to begin accepting Bitcoin and other crypto for tax payments. The city announced today that in 2025, citizens may begin paying their taxes and city fees with cryptocurrency. JUST IN: Detroit, Michigan, becomes the largest US city to accept #Bitcoin and crypto for taxes. — Watcher.Guru (@WatcherGuru) November 7, 2024 “Detroit is building a technology-friendly environment that empowers residents and entrepreneurs,” said Detroit Mayor Mike Duggan in a statement. “We are excited to be one of the first major U.S. cities to explore blockchain civic applications and allow residents to use their cryptocurrency as a payment option.” According to City Treasurer Nikhil Patel, the payment option will be made available in mid-2025. The exact date is unknown. “The Treasurer’s Office is committed to modernizing our payment channels and processes to enhance the customer experience and improve internal operationa...