Ontario town will soon accept Bitcoin for property tax - News Summed Up

Ontario town will soon accept Bitcoin for property tax


The Ontario town of Innisfil will soon begin accepting digital currencies as payment for its property taxes, starting with Bitcoin. The town of 36,000 people is north of Toronto and south of Barrie, Ont. Its council voted late Tuesday in favour of the one-year cryptocurrency pilot project, in partnership with a Toronto company. Last year, Toronto voted down a motion by Coun. Norm Kelly to look into whether residents of that city should be able to used cryptocurrency to pay bills such as property taxes, parking tickets and land transfer taxes.


Source: CBC News March 28, 2019 21:40 UTC



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