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US State Detroit Announces Acceptance of Cryptocurrency for Tax Payments

  • Detroit, the largest city in Michigan, has announced that it will accept cryptocurrency as a new payment option for taxes and fees.
  • Residents will be able to pay taxes and fees using cryptocurrencies through a secure digital platform managed by PayPal.
  • Detroit aims to create a technology-friendly environment and become one of the first major U.S. cities to explore blockchain for civic applications.
  • The announcement comes following Donald Trump's victory in the U.S. presidential election, who expressed support for the cryptocurrency sector.

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