Can you use Bitcoin to pay taxes? Maybe it's not that easy

Bitcoin prices fluctuated in the Asian session on Thursday (September 24), and fell into a wide range of fluctuations in the short term again.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) continued to fluctuate in the range of 228.50-231.50 yesterday. Although it rose at one point in the Asian session of this trading day, it eventually fell back, and the overall volatile trend remained unchanged.

According to the quotes published by KRAKEN, Bitcoin/Euro (XBT/EUR) fluctuated between 205.50 and 208.00 yesterday, and was slightly downward within the range. It rebounded in the Asian session this trading day, but it was still within the range.

According to the quotes published by Huobi.com, Bitcoin/ RMB ( 6.3821 , -0.0014 , -0.02% ) once soared to 1510 yesterday, but then fell back quickly. The Asian session of this trading day traded around 1495, and the volatile market continued.

In the industry, foreign media reported that a legislative subcommittee in New Hampshire has recommended that the state's House of Representatives kill a bill that attempts to allow citizens to pay taxes using Bitcoin.

State Senator Eric Schleien introduced a bill earlier this year calling for the New Hampshire Treasury to accept bitcoin through a third-party service. After clearing, the Treasury still receives U.S. dollars.

The Legislative Council debated it and rated the bill as "unqualified legislation." If this decision is confirmed by the House of Representatives, the bill will be shelved.

Treasury Secretary Bill Dwyer testified that “we need money that can be paid (federal funds, etc.), and Bitcoin is a commodity. It needs to be in a clearing state to be used to pay these bills.”

However, a final decision has not yet been made. The legislative subcommittee will meet on October 14 to vote on its final recommendation before it is sent to the House for a final vote.

At 12:43 Beijing time on September 23, Bitcoin/USD was 229.79, Bitcoin/Euro was 206.26, and Bitcoin/RMB was 1495.60.