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 initiated by state Treasurer Josh Mandel, who told reporters he is looking to “plan[t] a flag” for Ohio in terms of national cryptocurrency adoption:
“I do see [bitcoin] as a legitimate form of currency.”
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