Colorado receives fewer than 80 crypto tax payments in three years

PayPal converts crypto into US dollars before funds reach the state. Bitcoin’s rising value discourages users from spending it on taxes. Stablecoins may become the preferred method for future payments. Since 2022, the State of Colorado has collected over $11 billion in income tax source: https://coinjournal.net/news/colorado-receives-fewer-than-80-crypto-tax-payments-in-three-years/