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As of Monday, November 26, 2018, Ohio businesses will be able to pay their taxes with bitcoins, thus making the state the first in the North American nation to formally accept cryptography. change.
Companies wishing to be part of the program must only visit OhioCrypto.com and register to pay tax on their encrypted companies. This can range from selling cigarettes to payroll, according to an article in the Wall Street Journal.
The Bitcoin program was made possible by state treasurer Josh Mandel, which demonstrates the state's ambitions to become a more friendly place for technology entrepreneurs.
Ohio already has a growing technology hub in Columbus, home to one of the Midwest venture capital funds, Drive Capital. In Cleveland, the city is trying to reinvent itself in the image of cryptocurrency by attempting to establish a new brand for the city called "Blockland".
If anyone tries to take advantage of Ohio's new pbadion for digital currencies, one can debate them. At present, the cryptocurrency market is in prolonged free fall, which could be the beginning of a crypto-winter, just like the winter of artificial intelligence of the 80s which finally resurfaced in mid-2010.
Other states in Southwest, Southeast and Midwest are considering accepting bitcoins for tax purposes, but these initiatives in states such as Arizona, Georgia and Illinois have never been approved by state legislatures.
The state of Ohio has partnered with the BitPay cryptocurrency payment company to receive tax payments, which will be converted from dollars to bitcoins.
According to an article by TechCrunch, translated by Angel León for DiarioBitcoin
Image under Creative Commons license 0 via Pixabay
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