Money Morning: The Price of Bitcoin Is About to Get a Little Government Help

By David Zeiler

April 1, 2015

The price of Bitcoin stands to get a boost this year from an unlikely source – state and local governments.At least two states, New Hampshire and Utah, have bills under consideration that would make it possible for citizens to pay taxes and fees in Bitcoin. New York City has proposed similar legislation...

"It started with realizing how much money the city of New York is losing on transaction fees on credit cards, ultimately it's several million a year because of all sorts of fees and fines," Levine told CoinDesk last month.

 

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