“A Kentucky town that gained national attention after being featured on Comedy Central’s Colbert Report earlier this year has granted its police chief’s request to be paid in the online currency Bitcoin. The Hazard Herald reported that the city commission in Vicco approved Chief Tony Vaughn’s request on Monday after an initial investigation of its feasibility. But while continuing to research the implications of the move, Mayor Johnny Cummings told theHerald that Vaughn could begin to receive his salary in Bitcoin this month. However, federal and state taxes will be deducted from the payment before it is transferred from regular currency into the online format.”
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