Do You Owe Tax Money In Ohio? You Can Now Use Bitcoin As Settlement!

As per The Wall Street Journal, it has come to our attention that Ohio will become the first ever American state to accept bitcoins as a payment to resolve tax bills (

It has also been revealed that this new endeavor will be in effect this coming week – permitting businesses to register with the state via to, “pay everything from cigarette sales taxes to employee withholding taxes with bitcoin,” reports The Wall Street Journal.

News outlet, The Block also reported on this matter and revealed that the entirety of the new endeavor was supposedly proposed by Ohio’s Treasurer, Josh Mandel (

Mandel supposedly trusts that it will be a time and cost-efficient method while making Ohio both a worthy competitor and supporter of the crypto sphere. He also seems to strongly believe that bitcoin is a “legitimate form of currency.”

As for the way in which Ohio will be accepting bitcoin payments, they have decided to integrate global bitcoin payment service provider, BitPay. Ultimately, the bitcoins sent to Ohio’s Treasurer Office will be converted into USD via BitPay.

This is definitely a big move on Ohio’s part, considering the fact that bitcoin and other digital assets have not been legalized in Ohio and many other states. Despite the lack of legalization, it should be noted that said states are realizing the real-life uses behind digital assets and that alone could stimulate regulators to rethink their strict and negative outlook on them.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today