RATE Group | Ohio Attorney General Finds State Crypto Program Illegal
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Ohio Attorney General Finds State Crypto Program Illegal

15 Nov Ohio Attorney General Finds State Crypto Program Illegal

Posted at 00:57h in Bitcoin News by

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Ohio Attorney General Finds State Crypto Program Illegal

The Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states.

Also read: US State of Ohio Accepts Bitcoin for 23 Types of Taxes

Ohio’s Crypto Program Violates State Law

The U.S. state of Ohio made headlines last year when it began accepting cryptocurrencies for 23 types of tax payments. The crypto program was launched by former Treasurer Josh Mandel before he left office. He set up the Ohiocrypto.com website, operated by the treasurer, to allow tax payments in cryptocurrencies through Bitpay. In January, Mandel was succeeded by Robert Sprague as the state treasurer.

Last month, an internal review raised some legal issues regarding the Ohiocrypto website and the State Board of Deposit proceeded to request the opinion of Attorney…

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