Wednesday, December 4, 2013

City Approves Kentucky Police Cheif Salary of Bitcoins

Do you want to share?

Do you like this story?

The city commission in Vicco approved a measure on Monday to begin paying the city's police chief in a virtual currency"

This is a move that many wager is the first such of its kind in the country. 

"Police Chief Tony Vaughn appeared before the commission last month to officially request that his salary be paid to him in Bitcoin"


"The city commission in Vicco opted last month to hold off on approving Vaughn's request in order to research the issue. Commissioner Claude Branson on Monday said officials did their homework, and there doesn't seem to be any logistical or legal issues to paying Vaughn in Bitcoin."

It is a positive sign for Bitcoin's long term viability that not only are workers interested in being paid a salary in it but that local jurisdictions are removing barriers to such actions. 

LINK

Labels: , ,

Find out about...

Bitcoin (82) Infographic (30) Bitcion (26) Governments (18) 101 (14) Alts (13) Legal (12) Cryptocurrencies (11) Trading (10) Litecoin (9) MtGox (9) Startup (9) Cryptsy (8) Banking (6) China (6) Dogecoin (6) History (6) Investing (5) Mining (5) Value (5) Video (5) CoinBase (4) SIlkroad (4) Taxes (4) BitInstant (3) BitPay (3) Bitcoins (3) CNN (3) Canada (3) Charles Shrem (3) Economics (3) Inforgraphic (3) Mega (3) Miner (3) Money Transfer (3) Secondmarket (3) Taxation (3) Twitter (3) ASIC (2) Analytics (2) Bitstamp (2) Block Chain (2) Crashes (2) Gold (2) Hacking (2) Kim Dot Com (2) Kraples (2) Max Keiser (2) MaxCoin (2) Media (2) MegaCoin (2) Miners (2) Peercoin (2) RonPaulCoin (2) Technical (2) TigerDirect (2) Where (2) Winklevoss (2) bitcoins (2) 2014 (1) 42 (1) AMA (1) ASX (1) ATM (1) Academia (1) Amazon (1) Analyst Report (1) Andreessen Horowitz (1) Android (1) Australia (1) Avalon ASIC (1) BITFINEX (1) BTC-e (1) BTCE (1) BTCEX (1) BTCKing (1) BTX (1) Barter (1) BattleCoin (1) Berenberg (1) Bitcoin Days (1) Bitcoin as Commodity (1) Blockchain (1) Blockchain.info (1) Bloomberg (1) Bobby Lee (1) Books (1) Central Banks (1) CoinTerra (1) Coinye (1) Coinye West (1) Credit Cards (1) Denmarl. Bitcoin (1) Detroit (1) Dollar (1) El-Erian (1) Elliott Management (1) Encryption (1) Europe (1) Exhanges (1) FaceBook (1) Feathercoin (1) FinCen (1) Finland (1) Forex (1) Fred Ehrsam (1) Fun (1) Funding (1) Goldman (1) Greenbank (1) Hashtag (1) Heineken (1) Helsinki (1) Hoarder metrics (1) Igor (1) Investigation (1) JPMorgan (1) Japan (1) Jet (1) Kayne (1) Landscape (1) Las Vegas (1) Li Ka-shing (1) Linux (1) Liquidity (1) Local Bitcoins (1) MAS (1) Mac (1) Markets (1) Masses (1) Matrix (1) Mexico (1) Michigan (1) Millennials (1) Mint (1) MoonCoin (1) Namecoin (1) Neo (1) New York (1) Novacoin (1) OS (1) Online Wallet (1) OpenSourceCoin (1) Options (1) Overstock (1) PBOC (1) PIMCO (1) Pakistan (1) Payment Networks (1) Paypal (1) Pintrest (1) Police (1) Primecoin (1) Princeton (1) Publishing (1) Quark (1) Rap (1) Reddit (1) Ribbit Capital (1) Robbers (1) Robert Faiella (1) Roger Ver (1) Russia (1) Salary (1) Satoshi Nakamoto (1) Sberbank (1) Series B (1) Sigapore (1) Singapore (1) SolarCoin (1) Spanish (1) Staoshi Nakamoto (1) Statistics (1) Subway (1) Sweden (1) Switzerland (1) Tesla (1) The D (1) Transaction (1) TurboTax (1) USB (1) Union Square Ventures (1) VC (1) Velocity (1) VisualCapitalist (1) Volatility (1) Western Union (1) What to Buy WIth Bitcoin? (1) Windows (1) Zanga (1) cagecoin (1) cionye (1) democracy (1) enviornment (1) fiat (1) kanye (1) voting (1)