RATE Group | Ohio Is ‘Planting A Flag’ And ‘Embracing Cryptocurrency’: State Treasurer
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Ohio Is ‘Planting A Flag’ And ‘Embracing Cryptocurrency’: State Treasurer

29 Nov Ohio Is ‘Planting A Flag’ And ‘Embracing Cryptocurrency’: State Treasurer

Posted at 19:29h in Cryptocurrency News by

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Asked on Bloomberg News Thursday morning “just how big a deal” it is that Ohio now accepts cryptocurrencies for tax payments, Ohio State Treasurer Josh Mandel responded in kind saying that Ohio is “proud to do its small part” by being the first in the nation to do so.

Speaking from a true position of authority on the subject of state taxation, the official said there were two primary motivations for the move: one, to make life easier for taxpayers and two, perhaps most significantly, to stimulate innovative industries to migrate to Ohio.

His exact words were as follows:

We’re proud to do our small part and take this small step to make Ohio the first state in America to enable taxpayers to be able to pay via cryptocurrency. We’re doing this for two main reasons. First, to give more options and ease to taxpayers in how…

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