It is reported that Ohio would become the first country to accept bitcoin tax

25 August 11 Wall Street Journal (WSJ) reported that the U.S. state of Ohio is expected to become the first to accept bitcoin (BTC) state tax.

As the Wall Street journal wrote, it initially only applies to enterprises, and plans in the future will be the service extended to individual taxpayers. From the beginning of this week, headquartered in Ohio, the enterprise will be able to register with the leading encryption currency payment of all taxes. According to reports, the payment will be processed through the encrypted payment service BitPay.

As the Wall Street Journal reported, friendly action is initiated by the State Encryption and finance minister Josh Mandel, he told reporters that he hopes to use the formulation of a flag for the state of Ohio “in the national currency of encryption”:

“I do think [] bitcoin is a legitimate form of currency.”

Mandel also told the publication, during his tenure at the end of January this year, he convinced the crypto currency program will continue”. According to the Wall Street journal, as elected officials, Mandel told reporters that he was able to “without approval by the legislature or governor, decided his office will accept digital currency”.

In contrast, some proposals over the past year, the rest of the United States to accept the proposed tax bill encryption has been launched, but lawmakers postponed the final through their.

As Cointelegraph reported in May, the Arizona house of Representatives passed a law that allows citizens to use encryption currency to pay taxes, but after the vote, the initiative by the amendment obstacles.

In February, Georgia also proposed a bill to accept money as a means of payment, encryption effective tax and license. As of press time, the bill’s status as “25% progress, death in the committee”.

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