Sunday, May 26

Ohio Becomes the First State to Accept Bitcoin for Tax Payment

Ohio, a Midwestern state in the United States has become the first stated that would accept bitcoin for tax payments. With this, now, the businesses in Ohio will be able to pay their taxes in bitcoin — making the state that’s high in the middle and round on both ends the first in the nation to accept cryptocurrency officially.

The companies that want to become a part of it simply need to go to OhioCrypto.com and register to pay whatever taxes their corporate hearts desire in crypto. The bitcoin program id the brainchild of current Ohio state treasurer, Josh Mandel and it is intended to be a signal of the state’s broader ambitions to remake itself in a more tech-friendly image.

Already, Ohio has something of a technology hub forming in Columbus, Ohio, home to one of the largest venture capital funds in the Midwest.

The cryptocurrency market is currently in the kind of free-fall (or collapse, or implosion, or conflagration, or all-consuming dumpster fire) that’s usually reserved for tulips in Holland in February 1637.