Georgia Archives -
T.I. got busted at his own gated community in Georgia after he got into it with a security guard for the neighborhood. According to local reports, the rapper was trying to get to his house Wednesday morning — around 4 AM — but didn’t have his…
The number of eviction orders in an apartment complex owned by Sean Hannity rose 400% after the Fox News host purchased the property for $ 8 million nearly four years ago, reports the Guardian . After Hannity took over the 152-unit Hampton Place apartment complex in Perry, Georgia, property managers received approval…
A new automated teller machine now offers Georgians a fast and easy way to buy and sell bitcoin and litecoin. Support for bitcoin cash has been promised, and other cryptos will also be added in the future. The ATM has been set up at a burger restaurant in the heart of the Georgian capital Tbilisi.
Also read: Crypto Business Is Now Legal in Belarus
Bitcoins and Burgers
Cryptocurrencies in Georgia have been gaining popularity in recent years. The country has become a regional leader in the adoption of bitcoin and blockchain technologies. A new cryptocurrency terminal has been set up in Tbilisi offering the opportunity to exchange bitcoins and litecoins with the Georgian lari. The company behind the initiative promises to provide support for bitcoin cash and plans to introduce other cryptos, like ethereum.
The new BATM has been installed at the New York Burger restaurant between Tkvarcheli Street and Merab Kostava Street in the Georgian capital, not far from the 26 May Square. It is operated by a local firm called TPS. The company provides exchange services through cash terminals and an online trading platform.
According to Coinatmradar, another crypto ATM, which also supports bitcoin and litecoin transactions, can be found on 12 Shalva Dadiani Street in Tbilisi. Both teller machines are manufactured by the Prague-based company General Bytes.
More and more people in the Caucasus believe cryptocurrencies are the future of money. According to Giorgi Cheishvili, programmer at TPS, the popularity of digital coins is growing every day, and the Georgian market reflects the global trends.
“Many people want to exchange their cryptos and a growing number of Georgians are interested in buying cryptocurrency,” he told the local news outlet Marketer. In his opinion, Georgia is a leading country when it comes to opportunities to obtain bitcoin and the like.
“Many are interested in crypto innovation and business,” noted Anthony Sollimon, manager of the New York Burger restaurant. “We want to create a convenient environment where they will be able to make the necessary transactions,” he added.
A Regional Crypto Leader
Georgia is considered a pioneer in crypto legalization among countries in the South Caucasus. In the last several years, it has implemented blockchain technologies, both in the private and the public sector. Since 2016, the country’s land register has been maintained on a blockchain. Georgia is also home to one of the first bitcoin mining farms in the region.
Special courses are currently offered in Tbilisi for those who want to expand their knowledge of cryptocurrencies. Members of the Georgian crypto community have invited experts from EU countries to take part in the educational program.
Georgia’s neighbor Armenia has been trying to catch up in recent months. A bill to regulate cryptocurrency mining was introduced in Yerevan in February, as reported by news.Bitcoin.com. The proposed legislation offers crypto miners tax exemptions and other incentives. Operators of mining facilities will not be required to apply for any permissions or licenses. According to local experts, the draft law will effectively legalize cryptocurrency transactions.
Do you think the availability of bitcoin ATMs helps the adoption of cryptocurrencies? Share your thoughts in the comments section below.
Images courtesy of Shutterstock, Coinatmradar, Google Maps.
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A man known as the “stocking strangler” was executed Thursday for the rape-slayings of three older women in attacks that terrorized a Georgia city four decades ago. Carlton Gary, 67, was put to death by lethal execution at the state prison in Jackson. He was the first inmate executed by…
Delta Air Lines Inc. showed no signs Friday of backing away from a decision to cancel fare discounts for the National Rifle Assn., despite a retaliatory move by Georgia state leaders that deprived the airline of a significant tax break.
Atlanta-based Delta released an internal memo that Chief Executive…
Residents from the state of Georgia may soon be able to pay their taxes in bitcoin as two senators have introduced a bill that allows digital currency payments for tax obligations and licensure fees.
The State of Georgia May Allow Residents to Pay Taxes in Bitcoin
Two senators from the state of Georgia, Joshua McKoon and Michael Williams, have proposed a change to the Department of Revenue’s statutes for tax collection and licenses. The bill was submitted on February 21, and the goals are similar to recent blockchain-centric bills filed in the state of Arizona — GA SB464 would allow residents from Georgia to pay their tax obligations and licensure fees in bitcoin and other digital currencies.
“The commissioner shall accept as valid payment for taxes and license fees any cryptocurrency, including but not limited to bitcoin, that uses an electronic peer-to-peer system,” the text from GA SB464 reads.
The commissioner shall convert payments made in cryptocurrency to United States dollars at the prevailing rate within 24 hours of his or her receipt of such a payment and shall credit the payor’s account with such converted dollar amount.
Move Over Arizona, Georgia Wants to Be a Digital Currency Hotbed
Just recently news.Bitcoin.com reported on the state of Arizona initiating a tax proposal that also allows bitcoin payments. One of Arizona’s bills has already been passed by the Senate Finance Committee. Arizona Representative Jeff Weninger told the press, “Arizona is going to be the place to be for blockchain and digital currency technology in the future.”
The state of Georgia is following Arizona’s lead likely due to the region having a large digital currency community. Georgia is home to a variety cryptocurrency-based companies such as Bitpay, Bitfury, and over 100 BTMs (bitcoin teller machines). Moreover, the state’s capital and the most populous city now has a Bitcoin Embassy. If the bill passes, it will amend the Department of Revenue’s Code Section 48-2-32.
What do you think about the state of Georgia allowing residents to pay licensure fees and tax obligations in bitcoin? Do you think this is a good thing or do you think this goes against the philosophy of bitcoin? Let us know your thoughts on this subject in the comments below.
Images via Wiki Commons, and Todd Rehm 2013.
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The post Georgia Lawmakers Propose Tax Amendment That Allows Bitcoin Payments appeared first on Bitcoin News.
Authorities say multiple officers have been shot and a suspect is dead south of Atlanta.
Sony Michel burst through the line for a 27-yard touchdown run to give No. 3 Georgia a 54-48 victory Monday night against No. 2 Oklahoma, winning the first overtime Rose Bowl and sending the Bulldogs to the College Football Playoff championship game. Michel, who had a fumble in the fourth…
Georgia officials voted Thursday to continue building two half-finished nuclear reactors even though construction is more than $ 10 billion over budget and five years late.
WSJ.com: US Business
A Georgia Tech football player straight up KNOCKED OUT his teammate during a fight in the GT athletic facility … and TMZ Sports has the video. The players are GT starting defensive backs Step Durham and Lance Austin — who got into a heated…