[ad_1]
Two companies in the state of Ohio in the United States paid taxes with cryptocurrencies, state treasurer Robert Sprague told a forum held on February 19.
At a forum addressing political issues facing the state, Sprague said the Treasury had only collected two tax payment receipts using cryptocurrencies. It did not specify the specific amount of tax payments received via cryptocurrency.
Sprague pointed out that the Ohio State Treasury did not manage cryptocurrency itself, saying they did not accept any currency other than the US dollar. The treasurer clarified that cryptographic tax payments are made via a cryptocurrency platform, which simply facilitates the exchange of crypto to fiat:
"We will never accept the won, renminbi, francs, cryptocurrency or any other currency. You have to lighten your debts to the state of Ohio with US dollars. This is what we are accepting. This platform only allows this exchange, essentially before the debt is settled in the state of Ohio. "
Sprague said the Treasury was looking at how the program could be expanded or reduced, and looking at the potential counterparty risks with the supplier.
Ohio is actively trying to attract blockchain and cryptocurrency related businesses. When the state pbaded the law allowing businesses to pay cryptographic taxes, state treasurer Josh Mandel later stated that the legislation "plants a flag" in Ohio in terms national adoption of cryptocurrency.
On Feb. 21, the Ohio County Association of Auditors announced the creation of a task force to examine the blockchain's benefits in terms of real estate transactions and transfer of title to several counties.
In early December, Cointelegraph announced that Ohio-based funds plan to invest more than $ 300 million in blockchain startups until 2021, particularly for startups developing blockchain applications for businesses local authorities, governments, social protection projects, etc.
[ad_2]
Source link
