According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.
Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin. State Treasurer Josh Mandel explains why.
Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups.
This is not the first attempt by U.S. states to allow cryptocurrency to be used in tax payments, although it is slightly different and ultimately the most successful so far.
