Ohio Say Yes to Bitcoin as a Form of Tax Payment

Ohio Say Yes to Bitcoin as a Form of Tax Payment

Beginning Monday this week, businesses in US Ohio can pay taxes using BTC; the payment option will eventually include individual taxpayers

Companies and businesses within the state of Ohio can register through OhioCrypto.com. The initiative was led by Josh Mandel, State Treasurer of Ohio, as he revealed he envisions BTC to be a legal mode of currency. The cryptocurrency as a form of tax payment was devised without the need for legislative or gubernatorial approval.

BitPay will process the tax payments.

Mandel’s tenure as Ohio Treasurer will end in January. But he is positive that the state’s crypto-initiative will persist.

Ohio as a Crypto/Tech-Receptive US State

Cleveland, Ohio is aspiring to be a blockchain-based economy through its Blockland Initiative. And The Great Lakes Science Center, located within the city, is accepting BTC as a mode of payment to advance the local blockchain economy.

The city of Columbus houses Drive Capital, one of the leading venture capital firms.

Bitcoin

BTC
Price
3,959 USD 0.61%
Volume, 24h
1,632,535,576 USD
-19.52%
Marketcap
69,358,818,560 USD
51%
Emission
84%

Related news

A DIY Bitcoin Lightning Node Project Just Hit Its 1.0 Milestone

A project aiming to empower people to build nodes that can send and route payments on bitcoin’s in-development lightning network has officially released version 1.0 of its code. Announced this week, RaspiBlitz has published finalized instructions for building a lightning node on a tiny hobbyist computer called a raspberry pi. Often used for custom tech […]
CoinDesk

[Guest Post] Florida Appellate Decision Expands Scope of Money Transmission Laws When Using Bitcoin

by Matthew Kohen and Justin Wales A recent Florida Third District Court of Appeal opinion may affect how individuals and businesses utilize bitcoin and other virtual currencies in the state of Florida. In Florida v. Espinoza, Case No. 3D16-1860, the State’s intermediary appellate court ruled that th... The post [Guest Post] Florida Appellate Decision Expands Scope of Money Transmission Laws When Using Bitcoin appeared first on CoinReport.
CoinReport

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.