Ohio Embraces Bitcoin & Celebs Fined for ICO Ads

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The last week of November was all about taxes, regulation, and SEC enforcement for Bitcoin and the wider crypto ecosystem. Major Headlines Sirin Labs Launches the FINNEY: The world’s first blockchain phone on the market, the FINNEY, launched at an event in Barcelona on Thursday. CCN’s Josiah Wilmoth was on the scene. The phone, its dApp store, and native blockchain integration have many wondering if crypto has finally arrived.…

Ohio to Accept Tax Payments in Crypto — Setting the Standard for Future?

In what is being hailed as a first in America, Ohio’s State Treasurer Josh Mandel has made it possible for businesses to pay taxes using Bitcoin. In the coming weeks, business owners in the state will be able to register and settle their tax liabilities online, with payments to be processes by cryptocurrency payment service provider BitPay. Businesses will be able to pay 23 different taxes using BTC through an online portal that has been set up by the state treasury office. As it stands, individuals will not be able…

Ohio Begins Accepting Bitcoin for 23 Types of Taxes

Ohio has become the first state in the U.S. and the first governments in the world to accept Bitcoin (BTC-USD) for tax payments. The state has launched an online platform called OhioCrypto.com, to allow businesses to pay taxes with cryptocurrency. Eligible for payment on the website include 23 different taxes. “We are proud to make Ohio the first state in the nation to accept tax payments via cryptocurrency,” Ohio Treasurer Josh Mandel said in a statement. “We’re doing this to provide Ohioans more options and ease in paying their taxes and also…

US: Ohio Becomes First State Where Businesses Can Pay Taxes With Bitcoin

Up to 23 different kinds of taxes can be paid with the cryptocurrency according to the state’s treasurer. 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…

Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the virtual currency, Bitcoin. Companies interested in using Bitcoin as a mode of payment are directed to OhioCrypto.com to register. Josh Mandel, the Ohio Treasurer, and a long time Bitcoin aficionado initiated the idea of using…

Ohio Accepts Bitcoin for Tax Payments

As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so. Not only is this move momentous in terms of institutional approval, but its timing is also impeccable—casting a silver lining to what has been a very dark cloud for Bitcoin. Ohio Accepts Bitcoin in the Nick of Time The initiative begins now. Ohio businesses…

US State of Ohio Accepts Bitcoin for 23 Types of Taxes

The U.S. state of Ohio has set up a cryptocurrency payment portal and reportedly starts accepting payments in bitcoin for 23 types of taxes this week. “Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency,” the Treasurer’s Office wrote. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Ohio Accepts Bitcoin for Tax Payments The office of Ohio Treasurer Josh Mandel has set up a cryptocurrency tax payment portal at Ohiocrypto.com. The website explains…

A Bitcoin Adoption Milestone has been reached with Bitcoin accepted in Ohio for Tax Bills

Bitcoin adoption milestone achieved in tax payments with cryptocurrency Bitcoin adoption milestone – The State of Ohio has just started accepting Bitcoins for tax payments officially via ohioCrypto.com, and the organization plans on adding more cryptocurrencies in the months to come. The solution was implemented by the treasure of Ohio, Josh Mandel, as this has been the first time in history that a state government has accepted Bitcoins for taxes directly. According to ohiocrypto.com, this was a great move because of all the benefits the processes brings, like the fast, transparent,…

Ohio ‘Appears’ to Be First US State to Accept Bitcoin for Taxes, WSJ Report

The U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) as tax payment, the Wall Street Journal (WSJ) reports today, Nov. 25. As the WSJ writes, the move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. Starting this week, Ohio-based businesses will be able register to pay all of their taxes in the leading cryptocurrency. The payments are reportedly set to be processed via crypto payments service BitPay. As the WSJ reports, the crypto-friendly move was…

Ohio Congressman Wants to Allow ICOs to ‘Sidestep’ Securities Laws

Ohio Congressman Warren Davidson plans to introduce a bill that would allow Initial Coin Offerings (ICOs) to “sidestep” U.S. securities laws, according to a report from Washington Examiner Nov. 13. Citing a spokesman for Davidson – Republican congressman for the 8th district of the state of Ohio – the publication reports that the prospective bill would propose that ICOs be treated as products rather than as securities at the federal and state level. The move would reportedly “eliminate” the U.S. Securities and Exchange Commission (SEC)’s oversight of the industry. The…