Eddie Hughes, a UK Member of Parliament (MP) has suggested the UK should accept local taxes in bitcoin.
Inspired by Ohio’s recent decision to allow bitcoin payment for taxes, he said: “you’re either ahead of the curve or you’re behind the curve, and our country is in an interesting position right now — we need to be seen as a progressive country.”
The Conservative MP, who describes himself as a “crypto enthusiast with amateur knowledge,” says the British government has a duty to educate itself about blockchain technology.
“It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it,” he said.
Speaking to The Express, Hughes advocated the payment of local (council) tax with bitcoin, but hinted that other options should be considered.
“What’s to stop us being able to pay council tax and other bills with bitcoin?”
Hughes was also inspired by the Royal National Lifeboat Institution, which accepts donations in cryptocurrency. Adoption and mainstream understanding remains a concern for Hughes: “it needs to appear like an app that people will use so they can become familiar with it in a safe and secure way.”
The MP says he’d love to trial the scheme in his constituency near Birmingham and strikes an optimistic tone for the future: “We are at a crossroads and we’re about to determine our future – one in which taking the lead in this field could prove very beneficial.”
Source: The Express