Ohio accepts tax payments with bitcoin
It will be possible to pay taxes with bitcoins in Ohio. Through this the state becomes the first of the North American nation to accept the cryptocurrency officially
Companies that want to be part of the program must go to OhioCrypto.com and register to pay any corporate tax they want in crypto. It includes activities from selling cigarettes to taxes on companies payroll.
Ohio already has a growing technological core in Columbus, home to one of the venture capital funds of the Midwest, Drive Capital. In Cleveland the city is trying to reinvent itself to the image of the digital currency trying to establish a new brand for the city.
Some are trying to take advantage of Ohio’s new connection with cryptoactives, however the issue is debatable. At this time the cryptocurrency market is in a prolonged free fall that many argue could be the beginning of a winter of crypto.
Other states in the territory are considering accepting bitcoins for tax payments, but these initiatives in Arizona, Georgia and Illinois were never approved by state legislatures.
The state of Ohio has partnered with BitPay cryptocurrency payment company to receive tax payments, which will be converted from bitcoins to dollars.
L.Sáenz
Source: DiarioBitcoin
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