BREAKING: In the USSA, Ohio now allows businesses to pay their extortion.... errrr taxes with Bitcoin
Starting this week, Ohio businesses will have a new way to pay their taxes: Bitcoin. The Wall Street Journal reports (via TechCrunch) that the state of Ohio has opened a cryptocurrency portal, ohiocrypto.com, which will allow businesses to pay with the digital currency.
My personal opinion from what I remember from last year is 1-2 other states allow this, --- Delaware comes to mind but I could be wrong.
The WSJ says that Ohio appears to be the first state to allow people to pay with a cryptocurrency, and that the idea originated with State Treasurer Josh Mandel. The site’s FAQ cites the state’s track record with innovation and says that paying via Bitcoin is instantaneous, secure, and transparent. It also lists 23 different taxes that businesses can pay with Bitcoin, ranging from cigarette and tobacco taxes to fuel and sales taxes.
More reading...
https://www.theverge.com/2018/11/25/18111336/ohio-bitcoin-business-taxes-josh-mandel
Cross posted to my various SM accounts.
https://twitter.com/BarryDutton/status/1066795688695087105
I think you are right. I seem to remember you posting a long time ago about 1-2 other states accepting crypto for such things.
Honestly, I am quite sure of this, one of the reasons Delaware is on the map is for being crypto friendly. I really seem to remember when the breaking news of this kind of thing happens.... just not everything LOL