THELOGICALINDIAN - In what could be a added analytical assurance of cryptocurrency acceptance in the US businesses in Ohio will anon be able to pay their taxes online application Bitcoin The progression will be formed out to claimed taxpayers at some point in the future
‘Planting a Flag’ for Bitcoin Adoption in Ohio
State Treasurer Josh Mandel pioneered the abstraction in Ohio and starting this advancing anniversary the state’s companies will be able to accomplish Bitcoin tax payments at OhioCrypto.com. The payments will be candy by U.S aggregation BitPay who accomplish the about-face to U.S dollars for the Ohio government.
The accompaniment official believes the action is an befalling for “planting a flag” for Ohio in the abundant advancing added acceptance of Bitcoin. He’s additionally responding to requests from companies locally for the service. Mandel told the WSJ he sees Bitcoin as a “legitimate anatomy of currency.”
Mandel’s appellation in appointment ends in January but he is assured he has larboard a cryptocurrency bequest for the accompaniment said:
Other U.S states, namely Arizona, Georgia, and Illinois accept had bills with agnate propositions adjourned in the aldermanic approval process. As an adopted official Mandel was able to advance through his affairs after approval from the state’s assembly or governor.
Florida County First to Accept BTC for Tax Payments
Seminole County in Florida became the aboriginal locality in the U.S. to acquire both Bitcoin and Bitcoin Cash beforehand this year as acquittal for accessible taxes such as acreage tax, active authorization fees, and character documents.
In Florida, the Seminole County Tax Collector’s Office additionally receives adapted cryptocurrency payments into dollars via BitPay. The move by the belt was aimed at eliminating abundant acclaim agenda fees and “improving acquittal accuracy, transparency, and ability which ultimately allowances Seminole County tax payers.”
Elected canton Tax Collector Joel Greenberg was additionally able to advance through the cryptocurrency action and the press release at the time indicates he has affairs for added blockchain use in the county. His aim is to:
New Hampshire, New York, and Utah accept additionally considered cryptocurrency tax payments. The New Hampshire House of Representatives voted against the bill proposing Bitcoin tax payments for the state’s association in January 2016 with a agnate adventure in Utah.
This year’s accepting of Bitcoin by Seminole County, and now Ohio, will hopefully set antecedent for added U.S states to auspiciously advance through their cryptocurrency and blockchain projects. It is still baby accomplish on the alley to broader Bitcoin adoption, about boring but absolutely there is advanced movement.
Do you anticipate Bitcoin payments should be accustomed in all U.S states? Let us apperceive in the comments below!
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