Author: Dominique Mosbergen / Source: HuffPost
Ohio has just become the first U.S. state and one of the first governments in the world to allow businesses to pay taxes, including sales and public utility taxes, with bitcoin.
State Treasurer Josh Mandel announced Monday that businesses can now register for the program through the website OhioCrypto.com, a portal that will, via a third-party processor called BitPay, convert the digital currency into dollars that will then be deposited into the state’s accounts.
Businesses that operate in Ohio will be able to use bitcoin to pay for 23 different types of taxes, Mandel’s office said in a press release. A 1-percent fee will be levied on each transaction, per AP.
“We are proud to make Ohio the first state in the nation to accept tax…
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