Tom Tate (the mayor of Gold Coast in Australia) suggested cryptocurrency as an option for residents to use to pay their local taxes. However, critics pointed out volatility and the recent crash that have raised concerns.

Why can’t we charge rates for cryptocurrency, if there is no risk? Frequently Asked QuestionsTate spoke to ABC News in June 5th, just a few weeks before council will hand over its annual budget. “The volatility is not that bad.”