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The US state of Ohio is about to become the first to accept Bitcoin (BTC) as a tax payment, as reported today on November 25th. Wall Street Journal (WSJ).
As the WSJ writes, the measure initially only applied to companies, with plans to extend the offer to individual taxpayers in the future. Starting this week, companies based in Ohio can sign up to pay all their taxes with the main cryptocurrency. According to our information, the payments are configured to be processed via the BitPay crypto service.
As reported by the WSJ, the crypto-friendly measure was initiated by state treasurer, Josh Mandel, who told reporters that he was looking to "plant a flag" for Ohio in terms of national adoption of cryptocurrency:
"I see [al Bitcoin] as a legitimate form of money ".
Mandel also told the publication that he "hopes this cryptocurrency initiative will continue" after the end of his term in January of this year. As an elected state representative, Mandel told reporters that he could decide that his office would accept digital currency "without the approval of the legislature or the governor," reports the WSJ.
In contrast, several bills have been introduced in other US states. over the past year, they have proposed to accept crypts for taxes, but state legislators have delayed their final approval.
As the Cointelegraph report reported in May, the Arizona House of Representatives had passed a bill allowing citizens to pay their taxes using crypto-currencies, but after the elections, the law The initiative was blocked by amendments.
In February, the US state of Georgia also introduced a bill to accept cryptocurrencies as a means of valid payment of state taxes and licenses. At the end of this edition, the statute of the law says: "25% progress, died in committee".
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