Ohio “Two companies pay taxes with bit coin”

Two companies in the state of Ohio, USA, have paid taxes by coin money coin. This was announced at a forum in Ohio on Feb. 19, when Treasury Secretary Josh Mendel of Ohio said.

Ohio has been allowed to pay taxes using bit coin since December last year. Treasury Secretary Josie Mendel said there is a tax-paying company in a forum that discusses policy issues, mentioning bitcoin taxes. However, it did not disclose the specific company name or tax amount. Overstock, a US retailer, announced in January that it would pay a portion of its corporate tax in a bit coin. One of the two companies mentioned above could be overstocked.

According to Josie Mendel, the Ohio Financial Authority does not control cryptography directly. If you pay taxes using passwords, you are proceeding as a platform to exchange passwords for legal currency. The introduction of Ohio’s cryptographic taxation is part of a policy to attract block-chain companies. In addition to tax payments, Ohio is also actively investing in block-chain start-ups. For more information, please click here .