Holpop News

Tom Tate, mayor of Gold Coast, Australia, suggested that residents could use cryptocurrency to pay local taxes.
“Why can’t we pay taxes in cryptocurrency if the risk is not so high. And volatility is not a bad thing. This action will send the message that we are innovators and attracting the younger generation…I’m not saying we already do, I’m just saying we’re always looking to the future,” he said.
Critics, however, argue that the volatility of cryptocurrency prices in a market crash could dampen enthusiasm for using cryptocurrency as a means of payment.
Talking to ABC News, Adam Poulton of Blockchain Australia said the government would need to analyze the risks before deciding to use digital assets.