Bitcoin and Taxes

Quick Take

  • Ohio’s attempt to accept allow tax payment via BitPay was launched to much acclaim in November 2018.
  • A year later, the program was paused for legal reasons and only 10 people had used it.
  • The Ohio Attorney General has held that the payment platform was a “financial transaction device” and as such should have followed statutory procurement procedures, as opposed to the grant of the contract to BitPay, placing the platform on permanent pause for now.

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Bitcoin and Taxes written by Stephen Palley @ December 10, 2019 Stephen Palley

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