Lawmaker Warns Government Stablecoin Payments Could Spur Tax‑Evasion Economy

A lawmaker has voiced concerns about proposed stablecoin payments for government services. The warning focuses on the potential creation of a tax‑evasion economy. Stablecoins are digital assets pegged to stable values, often used in crypto markets. The official argued that government adoption could bypass traditional oversight. Critics fear reduced transparency could facilitate illicit financial flows. The statement was reported by Decrypt, a technology news outlet. No legislative action has yet been taken on the proposal. Observers will watch for any policy moves regarding digital currency payments.