Sunday November 25, 2018

Ohio Becomes the First State to Accept Bitcoin for Tax Payments

Ohio has become the first state to allow people to pay taxes with a cryptocurrency: businesses in the area who want to pay their taxes using Bitcoin can do just that starting Monday by registering at OhioCrypto.com. The idea was championed by Ohio treasurer Josh Mandel as a means of giving the state a "tech-friendly image."

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Other states around the country in the southeast, southwest and midwest also considered accepting bitcoin for taxes, but those initiatives in places like Arizona, Georgia, and Illinois never got past state legislatures. The state is working with the cryptocurrency payment startup BitPay to handle its payments, which will convert the bitcoin to dollars.

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