The United Kingdom should consider allowing local council tax payments by using cryptocurrencies such as Bitcoin (BTC), a politician from the ruling Conservative party has called, as per a Daily Express newspaper report on Monday. According to Eddie Hughes, a Tory member of Parliament (MP) from Walsall North, using virtual coins can stimulate the payment of local taxes as blockchain technology makes currency transfers easier than traditional money transmission systems.
Moreover, digital assets can give the country competitive advantages in the uncertain times of the UK planned exit from the European Union (EU), the MP explained.
“I’d love it,...
This article appeared first on Cryptovest