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Ohio set to become first US state to accept Bitcoin for taxes

Monday, November 26, 2018 by Piyush Suthar | Comments

Home News Tech Ohio set to become first US state to accept Bitcoin for taxes

In what could be the biggest institutional nod of approval to cryptocurrencies across the globe, Ohio is set to become the first state to accept Bitcoin for tax payments. Starting this week, Ohio businesses can pay anything from tobacco to public utilities tax on OhioCrypto.com, The Wall Street Journal reports. The website currently supports payments for 23 different types of tax. Here’s the full list: 911 Wireless Cigarette / Other Tobacco Products Commercial Activity (CAT) Consumer’s Use Direct Pay Permit Financial Institution (FIT) Interest on Lawyers Trust Accounts (IOLTA) International Fuel Tax Agreement (IFTA) Kilowatt Hour · Motor Vehicle Fuel…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

Authored by Piyush Suthar
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