As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.S. to announce that it would now be possible to pay taxes using bitcoin.While Ohio is first in actually implementing this for its business residents, it’s certainly not the first one to try. Other U.S. states, like Illinois, Arizona, and Georgia have previously attempted to pass legislation allowing state taxes to be paid with cryptocurrency; however, such attempts have been rejected by state lawmakers or have not yet taken final form.State of Ohio Treasurer, Josh Mandel, told Bitcoin Magazine that he’s been a crypto-enthusiast since 2014. Implementing his vision today, Ohio business owners are now able to register and resolve their tax disputes and/or liabilities online, with their payments processed by a designated cryptocurrency payment service provider.Bitcoin Magazine spoke with Mandel about why Ohio’s decision to embrace these new technologies is a step toward the state becoming a leader for the rest of the country. Why Is This Good for Ohio?With this announcement, Ohio has announced to the rest of the country that it is at the forefront of new technologies, specifically as it pertains to blockchain technology and cryptocurrency. By opening up its doors to entrepreneurs and businesses dabbling in these digital...
