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November 26, 2018 07:29 pm

The People of Ohio Can Now Pay Their Taxes in Bitcoin

Starting this week, businesses in Ohio will be able to pay taxes in bitcoin through a new platform, OhioCrypto.com, a first in the US. From a report: For many enthusiasts, part of the appeal of crypto has been the very fact that these currencies are not backed by governments. That makes it harder for politicians to manipulate currencies to their own ends, they say. But for the same reason, states have sought to sideline cryptocurrencies, comfortable to dismiss bitcoin as a passing fad. So Ohio, and its treasurer Josh Mandel, see embracing them as a way to signal that the state is tech-savvy and forward-thinking. "I do see [bitcoin] as a legitimate form of currency," Mandel told (paywall) the Wall Street Journal.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/3v6yfowVjNo/the-people-of-ohio-can-now-pay-their-taxes-in-bitcoin

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