UK Parliament Member suggests paying taxes in Bitcoin

11 Dec, 2018
by David Borman
UK Parliament Member suggests paying taxes in Bitcoin

It is being reported by the Express that Eddie Hughes, MP for Walsall North, is pushing for the adoption of Bitcoin as a viable method for citizens to pay taxes and other bills to the government.

The politician, a member of the conservative party, has been pushing his fellow MP's to come to understand cryptocurrency as it is likely the financial system of the future. In the article, North is quoted:

"Only recently I met with the RNLI which is now accepting charitable donations through cryptocurrency – if we can do that, what’s to stop us being able to pay council tax and other bills with bitcoin?"

North sees this technology as important for the future and doesn't want the UK to fall behind. This move is reminiscent of a recent move in Ohio that will allow for residents to pay taxes in crypto.

Read more: Now you can pay your taxes in Bitcoin (in Ohio)

This move is generally optimistic for crypto adoption, though nothing has been made official yet. Hopefully Mr. North is successful in his efforts to change the minds of his fellow MP's. As always, stay with Chepicap for all updates on the situation!

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