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Accepting crypto payments for local taxes could bring in the younger generation, says Australian mayor

Blockchain Australia Chairman Adam Poulton likened crypto to “just another form of money” with an exchange rate linked to the Australian dollar.

Gold Coast, Australia / Image by: Wikimedia Commons

Tue, 07 Jun 2022, 04:20 am UTC

The crypto market has been very volatile in recent weeks with Bitcoin (BTC) plunging below $30,000 before recovering to its current price above $31,000. Despite this scenario, Gold Coast Australia Mayor Tom Tate is convinced that accepting crypto as payment for local taxes could be beneficial, a proposal that was opposed by critics who view the price volatility of digital currencies to be a cause of concern.

Local tax rates in Gold Coast are expected to increase by at least 4 percent this year, the highest increase in ten years, according to local media outlet ABC News. Mayor Tom Tate suggested accepting crypto as one of the payment methods for these taxes adding that price volatility is not a major issue.

“Why can't we pay rates on cryptocurrency if the risk is not high?” Tate spoke to ABC News on June 5. “The volatility is not that bad.”

The mayor opined that doing so could bring in benefits such as greater involvement from the younger populace. “It sends a signal that we're innovative and bring in the younger generation ... [but] I'm not saying we're doing it, I'm just saying we're always looking at the next level,” Tate added.

The country’s national blockchain industry group welcomed the proposal and it certainly is possible considering that a number of jurisdictions have already started accepting crypto payments as well. “Little bit of software, some applications, and you can accept Bitcoin as payment,” Blockchain Australia Chairman Adam Poulton said, describing crypto as “just another form of money” with an exchange rate linked to the dollar.

“They can choose to receive that Bitcoin and hold it themselves, or they can actually exchange that Bitcoin into Australian dollars, referencing that exchange rate, and have those Australian dollars turn up in their bank account,” Poulton added.

However, the Blockchain Australia chair admits that there are risks associated with crypto payments and suggested that the council needs to look at its risk appetite first. One such risk, is the potential devaluation of the crypto should they decide to keep the asset.

“The last thing they'd want to do is accept $2,000 worth of rates, hold it in Bitcoin and for the Bitcoin price to halve,” he said.

Another risk is missing out on potential gains by converting the crypto to fiat just as its price is going up. “The other risk is the Bitcoin could go up in value and they'll actually have three or four thousand dollars,” he explained.

Poulton said that one way to manage volatility related risks is to keep the council’s crypto holdings to a certain cap and suggested that a 5 percent crypto and 95 percent AUD mix. “We're happy to risk that other five per cent and actually hold that and see what future use cases could be used with it,” he said.

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  • 2022.06.12 18:21:22
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I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich.([email protected]) I email them also and they sent me the blank atm card. I have use it to get 250,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.

You can also contact them for the service below

* Western Union/MoneyGram Transfer

* Bank Transfer

* PayPal / Skrill Transfer

* Crypto Mining

* CashApp Transfer

Email: [email protected]

Text & Call or WhatsApp: +18033921735

Visit: https://darkwebcycberhackers.com
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  • Drlinda
  • 2022.06.12 14:28:55
I just have to add this I’m sure it’s gonna help someone reading it for sure! Have you lost your Cryptocurrency or funds to a fake online broker,fake investment scheme ,romance scam? Cry no more! Contact Cyberaybtcrecovery today for full recovery of your lost funds.I’ve been a victim and they helped me out my stolen 6BTC was recovered within 4hrs and my funds was sent to my blockchain account.Recover your stolen funds today visit their website to contact them web:https://cyberaybtcrecovery.wixsite.com/cyberaybtcrecovery or send an Email: [email protected]
WhatsApp/ Phone: +12148985539‬
YouTube: https://youtu.be/57rRqrgs4So
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  • COINMASTER2022
  • 2022.06.12 00:33:55
I came across this review about PAYBACK REFUND , COM I contacted them immediately through mail on [email protected] \ +1 (980) 216 4893 and THEY took up my case in a nutshell there encouragements summon me and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also Helped Track my lost 69000 USDT lost to coin FX Now I'm proud to say RECOVERY IS STILL POSSIBLE only if you look in the right direction . myself and my family want to say A VERY BIG THANK YOU to Paybackrefund.com If you have any related issues kindly reached out to them.

I came across this review about PAYBACK REFUND , COM I contacted them immediately through mail on [email protected] \ +1 (980) 216 4893 and THEY took up my case in a nutshell there encouragements summon me and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also Helped Track my lost 69000 USDT lost to coin FX Now I'm proud to say RECOVERY IS STILL POSSIBLE only if you look in the right direction . myself and my family want to say A VERY BIG THANK YOU to Paybackrefund.com If you have any related issues kindly reached out to them.
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  • COINMASTER2022
  • 2022.06.12 00:33:31
I came across this review about PAYBACK REFUND , COM I contacted them immediately through mail on [email protected] \ +1 (980) 216 4893 and THEY took up my case in a nutshell there encouragements summon me and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also Helped Track my lost 69000 USDT lost to coin FX Now I'm proud to say RECOVERY IS STILL POSSIBLE only if you look in the right direction . myself and my family want to say A VERY BIG THANK YOU to Paybackrefund.com If you have any related issues kindly reached out to them.

I came across this review about PAYBACK REFUND , COM I contacted them immediately through mail on [email protected] \ +1 (980) 216 4893 and THEY took up my case in a nutshell there encouragements summon me and after that they got started with the job. To my greatest surprise they cleared all the negatives on my profile and also Helped Track my lost 69000 USDT lost to coin FX Now I'm proud to say RECOVERY IS STILL POSSIBLE only if you look in the right direction . myself and my family want to say A VERY BIG THANK YOU to Paybackrefund.com If you have any related issues kindly reached out to them.
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  • patrickwilliams
  • 2022.06.11 08:18:57
Good day everyone on this site reading this testimony, I have been playing the lottery for the past 8years, and had not been able to win I was so upset and worried all day and night looking for who will help me to win the lottery, because buying the ticket not winning losing money get me angry, i was almost giving up until no other option going browsing online when I found a website It was there I came across a comment on the blogs about a powerful spell caster called Dr Kachi who helps so many people to achieve their goals with the lucky winning numbers to win the lotteries. I contacted him also and told him I want to win a lottery, Dr Kachi cast the winning numbers for me which I used to play and when I took the ticket and checked the winning numbers online. When I realized I’d matched all five numbers I was not at first believe, I thought my eyes were playing tricks on me, it was when i getting the message, I won the jackpot $128,166.00 million dollars, I'm a proud winners I want you, my friends who are passing through to win lottery games, contact [email protected] his WhatsApp number:+1 (570) 775-3362 visit his website: https://drkachispellcast.wixsite.com/my-site
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  • Migueldiguez
  • 2022.06.10 14:45:22
An hacker helped me to spy on my wife’s WhatsApp,mails and every text message that was sent to her iPhone and every deleted messages of the past six months you can message him through this whatsapp number +14106350697 you can also contact him via email at [email protected] and you will also testify of the good works
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  • COINMASTER2022
  • 2022.06.10 04:48:22
Paybackrefund.com Moves To Help Crypto Scam Victims Refund 98% Of Lost Funds
They 're Technically Equipped To Investigates , Tracks And Helps Get all your Paybacks of Lost hard earned money lost into cryptocurrency .Hire them for assistance with recovering your lost funds from your broker or maybe your broker manager has been asking you to make more deposits before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back kindly get in contact with PAYBACK REFUND DOT COM They are one of the Forensic Expert fully equipped {REFUND PAYBACK } HAT G,M,A,!.L what app +1 (980) 216‑4893
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  • COINMASTER2022
  • 2022.06.10 04:48:13
Paybackrefund.com Moves To Help Crypto Scam Victims Refund 98% Of Lost Funds
They 're Technically Equipped To Investigates , Tracks And Helps Get all your Paybacks of Lost hard earned money lost into cryptocurrency .Hire them for assistance with recovering your lost funds from your broker or maybe your broker manager has been asking you to make more deposits before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account. If you’re interested in getting all your lost funds back kindly get in contact with PAYBACK REFUND DOT COM They are one of the Forensic Expert fully equipped {REFUND PAYBACK } HAT G,M,A,!.L what app +1 (980) 216‑4893
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  • Ryanethan
  • 2022.06.10 02:14:11
Hello, my name is Evans Dominique from the United States am here to give a testimonial on how I met one of the best Hacker so far in my incredible moment of pain I lost a huge amount of money to a fake investor, I invested 105,000 USD to this investment company with my belief that I will have a huge return when it was time for me to get my return they company no longer pick my calls or reply to my email I was so devasted that my sister saw my pain and sad sorrow she have no choice than to introduce me to this great hacker called Wizard Brixton. I tell him everything about my situation and he asked for the company email address and the mobile number he promises to help me retrieve my funds if I will be able to cooperate and give him the vital information needed in less than 24 hours he was able to give me the necessary details about the company and how he will get my funds back without the company approval. Contact him: [email protected] WhatsApp with (+1- /807-23 ) 4-0428 ) I was very happy when he recovered all my funds and gave me 2% of the profit the company could have given to me. so I promise to make him go viral for everyone to contact him in different aspects of hacking software program in your life he proves the best in his job CONTACT HIM: [email protected]
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  • JohnReed
  • 2022.06.09 20:02:01
How to recover your stolen Bitcoin, Ethereum, or other cryptocurrency

One of the most common questions that arise after being the victim of cryptocurrency theft is, will I ever get my money back? Crypto is not new, and there are many questions about recovering stolen crypto. The number of cryptocurrency-related scams is also rising. However, thanks to Intelligent Alpha Inc technology, it’s possible to track down those who stole your crypto and recover it. Intelligent Alpha Inc (intelalpha.com)
Contact: [email protected]
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  • wadam
  • 2022.06.09 02:21:32
You need personal informations from companies,family and friends that will better your life and you need easy access without them noticing or you’re financially unstable and you have a bad credit score, come to [email protected] he will solve that without stress,he and his team can clear criminal records without leaving a trace and can also anonymously credit your empty credit cards with funds you need,all these things and more this hacker and his team will do cause they keep you updated on every step taken in order to achieve the goal and they also deliver on time,I tested and confirmed this I’m still happy on how my life is improving after my encounter with them, you can send a mail to [email protected], you can also message on Whatsapp +14106350697
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  • Jameswilliams
  • 2022.06.08 08:41:38
I invested a lot of money to earn profits trading, and lost my investments to a scam company. I have now had all my investments and profits returned by a recovery commando. You can reach me to share my trading experience and how I had all my money returned jameswiLLLiams04 at gmail dot com
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  • PookieQ2
  • 2022.06.08 08:38:25
Be strong in any situations you are going through just know that a lot of people go through the same problems almost every day. I’m happy to announce my finding of solutions for recovering my money from these crooks. If you’ve been ripped off, Email GHOSTCHAMPIONWIZARD @ Gmail com. I was in the same shoes also and I know how it feels to be ripped off by someone you trusted with your investment, They take no upfront payment. Just email this recovery agent and thank me later. the will increase your credit score, Recover your lost bitcoin, cryptocurrency, or Mobile spy
Contact : (GHOSTCHAMPIONWIZARD (at) Gmail dot com)
website: https://championhacker0.wixsite.com
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  • PookieQ2
  • 2022.06.08 08:38:18
Be strong in any situations you are going through just know that a lot of people go through the same problems almost every day. I’m happy to announce my finding of solutions for recovering my money from these crooks. If you’ve been ripped off, Email GHOSTCHAMPIONWIZARD @ Gmail com. I was in the same shoes also and I know how it feels to be ripped off by someone you trusted with your investment, They take no upfront payment. Just email this recovery agent and thank me later. the will increase your credit score, Recover your lost bitcoin, cryptocurrency, or Mobile spy
Contact : (GHOSTCHAMPIONWIZARD (at) Gmail dot com)
website: https://championhacker0.wixsite.com
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  • DANIELRAY
  • 2022.06.08 05:57:41
THIS IS THE BEST THING THAT HAS EVER HAPPENED TO ME
I was scammed of $379,000 worth of bitcoin with a scam forest investment unknowingly then,
I didn’t know what to do.. I felt like committing suicide, but fortunately for me, my friend introduced me to a cyber crime investigator ( Mr Morris Gray )who also helps in recovering lost invested funds, After working with him, to my greatest surprise, in just few days I got all my lost funds back, and he only took just 15% out of the recovered funds, if you have been scammed with fake forex you don’t need to be scared or worried, because you can also reach him on his email: [email protected] gmail .com
He will recover your lost bitcoins back fast and smoothly...
You can WhatsApp him via +1 (607) 698-0239.
And you will be amazed….!!!
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  • JENKINSCOOPER
  • 2022.06.07 06:45:11
THE ONLY GENUINE AND GUARANTEED RECOVERY AGENT EVER ( MORRIS GRAY )

I was scammed of $573,000 worth of bitcoins with a scam forest investment unknowingly then, I didn’t know what to do.. I felt like committing suicide, but I fortunately for me I had a good start again after my friend introduced me to a cyber crime investigator ( Mr Morris Gray ) who helped me recovered all my stolen funds and profit that where held form me, by those bastard scammers, in just few days of working with him, if you feel scammed with fake forex company you don’t need to be worried, you can Text Him Via his Email: Morris Gray [email protected] gmail . com or WhatsApp +1 (607) 698-0239. And he will recover your stolen coins back in your wallet account in full...he has all it takes and his a very straight forward person!!!
I recommend him too anyone out there, who has fall a victim of crypto scam before.
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More
  • Bitcoin (btc) $21,311.00 (+0.44%)
  • Ethereum (eth) $1,228.27 (+1.81%)
  • USD Coin (usdc) $1.00 (-0.09%)
  • BNB (bnb) $237.71 (+0.85%)
  • XRP (xrp) $0.365193 (+1.36%)
  • Bitcoin (btc) $21,311.00 (+0.44%)
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