U.K. lawmaker Eddie Hughes has proposed that taxpayers should have the option to pay council tax and utility bills in cryptocurrencies such as BTC. The 50 year-old conservative legislator for the Walsall North constituency said the move would place the country at the forefront of digital currency adoption in Europe.
Country at a Crossroads
“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,” Hughes was quoted by the Daily Express as saying. “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.”
Hughes’ comments come hardly a month after Ohio became the first U.S. state to allow businesses to pay taxes using bitcoin. The state government partnered with payments processor Bitpay to handle the cryptocurrency conversion to dollars.
However, the British Member of Parliament’s pronouncements may not find many takers in the United Kingdom, which is currently in the midst of a regulatory shift that could affect its cryptocurrency industry. The country is also working on measures to prevent alleged money laundering and combat terrorist financing through cryptocurrency monitorin
Hughes is of the opinion that the wider acceptance of virtual currencies in the U.K is being stalled by inadequate information and lack of knowledge, stating:
People not understanding how the transaction works is holding us back in terms of mass adoption. And also how accessible it can be – it needs to appear like an app that people will use so they can become familiar with it in a safe and secure way.