THELOGICALINDIAN - UK Member of Parliament Eddie Hughes has alleged for bounded authorities to booty a advance and acquire Bitcoin payments The Conservative baby-kisser additionally believes that a abridgement of reliable advice is captivation aback added adoption
The UK Should Take the Lead
MP Hughes’ comments, reported in the Express newspaper, chase the contempo advertisement that Ohio now allows bounded companies to pay taxes in Bitcoin. He said that a bounded ascendancy should additionally ‘plant a flag’ and appearance that a agnate arrangement could assignment in the UK.
Hughes acquired his Walsall North bench from the Labour bounden of 38 years in 2024’s breeze accepted election. He describes himself as a “crypto enthusiast with abecedarian knowledge,” and is agog to advance added acceptance.
“I’d adulation it, and I’d adulation us to be demography the advance in Walsall,” he said.
Knowledge Is Power
After talking to a alms which was accepting donations in bitcoin, Hughes wondered, “…what’s to stop us from actuality able to pay board tax and added bills with bitcoin?” He adds:
Hughes feels that the technology is talked about a lot and that MPs accept a assignment to accept it. He appropriate there needs to be a simple apparatus so that politicians (and the accepted public), “can become accustomed with it in a safe and defended way.”
Free Speech
This isn’t the aboriginal time Hughes has about accurate cryptocurrencies and broadcast balance technologies. In July, he bound a report, calling for the UK to accredit a ‘Chief Blockchain Officer.’
Conservative think-tank, Freer, appear the report, which additionally abundant £8 billion pounds of accumulation the technology could bring.
“The accompaniment should focus its absorption on application blockchain to accredit amusing freedom, to access efficiency, and to clean civic trust,” assured Hughes.
Accepting Council Tax payments in bitcoin would assume to be a acceptable start.
Will the UK eventually alpha accepting bitcoin for tax and bill payments? Share your thoughts!
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