Ohio Accepts Bitcoin Tax Payments
Now the businesses can legally pay taxes with bitcoin in the U.S. state of Ohio.
Individuals do not have the right to do it yet but they will get it soon too. All the payments will be converted to fiat and processed via crypto payments service BitPay.
It is an important step for the U.S. and the world as a whole because we can consider that as partial legalization of cryptocurrencies. Besides, it will expand the usage of a bitcoin which will increase its value and consequently, the demand for it. We will see how this decision will impact BTC price by the end of the year when entities will be filing tax reports and paying taxes.
Are you still hodling bitcoins and hope that BTC has a bright future? You are doing it right.