Ohio State authorities allowed the business to pay cryptocurrent taxes

The authorities of the US state of Ohio reported that on Monday, legal entities can use Bitcoins to carry out tax payments.

So far, only business is available only to business, but in the future it is planned to expand the initiative, allowing other taxpayers to pay in this way. For registration of cryptoplating, it is enough to register on a special portal, fill out details, amount, tax period and make the necessary means of a compatible wallet. After that, the money goes to the BitPay service, where they are converted into dollars and redirected to the Treasury.

The initiator of the innovation was the state treasurer Josh Mandel, according to which, in the future, he plans to make the cryptocurrency of the lawful means of payment in Ohio, even if it does not approve the governor and local authorities. Earlier in the state was already implemented an initiative related to the technology of a distributed registry. In summer, the data stored in the blockchain has been legal and can now be used in court.

Other States still in spring declared their intentions to recognize the virtual currency to the legitimate means of payment, but during the consideration of draft laws, such items were excluded or documents are still under consideration.

State institutions all the cup talk about intentions to be used cryptocurrency in their activities. Recently, the central banks of the United Kingdom, Canada and Singapore proposed to solve the problems of the existing system of cross-border payments using