The Bahamas government has released a whitepaper allowing its citizens to pay taxes using cryptocurrencies in the nation’s digital assets strategy up to 2026.
The announcement also opens access to the Bahamas Sand Dollar, and a central bank-issued digital currency unveiled in 2020.
The Caribbean nation’s Prime Minister, Philip Davis, says that his government has a vision of transforming the country into a top digital asset hub.
The announcement comes ahead of the Crypto Bahamas Conference set to be hosted by cryptocurrency firm FTX. Some of the guests expected in the event include UK’s Tony Blair and former US President Bill Clinton.
FTX set its headquarters in the Bahamas in September of 2021, with the CEO Sam Bankman-Fried citing the friendly crypto policies in the country.
Source: Office of The Prime Minister