Ohio Allows Businesses to Pay Taxes Through Bitcoin

What can be termed as a “eureka” moment for Bitcoin, Ohio has now allowed businesses to pay taxes in Bitcoin.

With this, Ohio has become the first US state to accept Bitcoin for tax payments. The announcement was made by State Treasurer, Josh Mandel, on Monday. He further revealed that the state is open to accept more cryptocurrencies soon.

Josh Mandel, State Treasurer

Mandel said, “We are proud to make Ohio the first state in the nation to accept tax payments via cryptocurrency”, in a press release on Monday. He further added that “We’re doing this to provide Ohioans more options and ease in paying their taxes and also to project Ohio’s leadership in embracing blockchain technology.”


As of now, the state has allowed its citizens to pay twenty-three different taxes in Bitcoin. The payments are to be made through the dedicated portal,, which will then be converted to equivalent US dollars before hitting the state accounts. A fee of 1% will be applicable on the payments made through Bitcoin.

How will it Work?

As revealed by a report from The Wall Street Journal, companies in the state will be able to pay taxes such as employee withholding tax, tobacco sales tax, and others in cryptos starting this week.

The filing process consists of three steps:

  • Businesses will need to register themselves with the office of the Ohio Treasurer through
  • Next, they need to provide related tax details such as tax duration, payment amount and so on.
  • Finally, they need to pay the due amount in Bitcoin using a crypto wallet that is compatible with the portal.

That said, wallets that are compatible with the portal include the likes of Bitcoin Core Client, Breadwallet, Mycelium and others that follow Bitcoin Payment protocol.

The payments will be processed by a bitcoin payments processor based in Atlanta, BitPay, who will convert BTC to USD for the Treasurer’s office.

It is worth mentioning here that the service, as of now, is only available to businesses, but it is expected that it will be made available for individuals too soon.

Next in the Line?

Other US states have also tried walking the same route in the past, and have taken steps to accept crypto tax payments. For instance, Arizona weighed proposals to allow their residents to pay tax bills in crypto in March. However, Arizona scraped the two months later due to the lack of support in favour of the proposal.

That said, Ohio is not only the crypto-friendly state, but it has embraced the blockchain technology whole-heartedly as well. This summer, the state recognised the electronic signatures stored and transacted on a blockchain. This means that the state provided equal legal standing to the electronic signatures stored on the blockchain as on any other digital platform.

The road to legitimising Bitcoin

Josh Mandel has spoken of Bitcoin as a “legitimate form of currency.” He initially proposed the integration of the digital currency as a medium of growth of the local crypto industry. This new development reflects a change in the public perception of what was once a “speculative technology’ into a “valued asset.”

It also brings into light the possibilities of use, showing that is isn’t restricted to alleged money-laundering schemes and feared scams, but also for government purposes.

Related article:

ICO Regulations in the Biggest Countries of Central and South America

Nikita Mittal

An avid technical writer with more than 8 years of experience, Nikita is an engineer by profession and writer by passion. She writes all things about the cryptocurrency and blockchain.

Related Articles


  1. Infants aged. 6 months (reports of seizure, respiratory failure,
    death) Cautions. Caution in renal/hepatic impairment.
    Caution in benign prostatic hyperplasia. Caution in congestive heart failure.
    If you are taking an antacid, take it after meals and take dicyclomine before dosage is based on your age, medical condition, and.

  2. Wow, fantastic blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your website is wonderful, as well as the content!

  3. I’ve been absent for some time, but now I remember why I used to love this web site. Thanks , I’ll try and check back more frequently. How frequently you update your website?

  4. You really make it appear really easy with your presentation however I to find this topic to be actually one thing that I feel I’d never understand. It kind of feels too complicated and extremely wide for me. I’m taking a look ahead on your subsequent post, I’ll attempt to get the hold of it!

  5. It?¦s really a cool and useful piece of information. I am happy that you just shared this useful information with us. Please stay us informed like this. Thanks for sharing.

  6. I¦ve been exploring for a bit for any high quality articles or blog posts on this kind of space . Exploring in Yahoo I eventually stumbled upon this website. Studying this info So i am glad to convey that I have an incredibly just right uncanny feeling I found out just what I needed. I so much indisputably will make sure to don¦t put out of your mind this website and give it a glance on a constant basis.

  7. I genuinely enjoy reading on this web site, it contains superb posts. “Something unpredictable but in the end it’s right, I hope you have the time of your life.” by Greenday.

  8. Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you reduce it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any assistance is very much appreciated.

  9. I have been surfing on-line greater than 3 hours lately, yet I by no means found any interesting article like yours. It’s pretty value sufficient for me. Personally, if all web owners and bloggers made excellent content material as you probably did, the internet will be much more helpful than ever before. “Dignity is not negotiable. Dignity is the honor of the family.” by Vartan Gregorian.

  10. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

  11. I intended to send you this very small observation to finally thank you very much the moment again considering the precious tricks you’ve featured on this website. This is seriously generous of you to present unreservedly all that most people might have distributed for an e-book to get some profit for their own end, precisely given that you could have tried it if you ever wanted. These things as well worked as a good way to fully grasp the rest have similar passion just like mine to see many more with reference to this matter. I believe there are many more fun situations in the future for folks who check out your blog.

  12. Good write-up, I am normal visitor of one?¦s website, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.

  13. I discovered your blog web site on google and check a number of of your early posts. Continue to keep up the superb operate. I just extra up your RSS feed to my MSN News Reader. Looking for ahead to reading more from you afterward!…

  14. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but instead of that, this is magnificent blog. A great read. I’ll definitely be back.

  15. I do accept as true with all the ideas you have offered in your post. They’re very convincing and will definitely work. Nonetheless, the posts are very short for starters. Could you please lengthen them a little from subsequent time? Thank you for the post.

  16. Attractive element of content. I simply stumbled upon your weblog and in accession capital to say that I get actually enjoyed account your weblog posts. Anyway I’ll be subscribing in your augment or even I success you access consistently rapidly.

  17. Im not sure where you’re getting your information, however good topic. I must spend some time finding out more or figuring out more. Thanks for wonderful information I used to be searching for this info for my mission.

  18. Hi! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any ideas or suggestions? With thanks

  19. Thank you for any other informative blog. The place else may I get that type of information written in such an ideal approach? I have a project that I am simply now running on, and I have been on the look out for such info.

  20. you are really a good webmaster. The website loading speed is incredible. It seems that you’re doing any unique trick. In addition, The contents are masterwork. you’ve done a wonderful job on this topic!

  21. Excellent web site. A lot of helpful information here. I am sending it to a few pals ans also sharing in delicious. And obviously, thanks on your sweat!

  22. Thanks, I’ve recently been looking for info approximately this topic for a long time and yours is the greatest I’ve came upon till now. But, what concerning the bottom line? Are you certain concerning the supply?

  23. I’m curious to find out what blog platform you happen to be working with? I’m experiencing some minor security problems with my latest website and I would like to find something more safe. Do you have any recommendations?

  24. With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My website has a lot of completely unique content I’ve either authored myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help protect against content from being ripped off? I’d genuinely appreciate it.

  25. Nearly all of whatever you state happens to be astonishingly legitimate and it makes me wonder the reason why I hadn’t looked at this with this light before. This article truly did turn the light on for me as far as this subject goes. But at this time there is actually one particular factor I am not really too comfortable with and while I make an effort to reconcile that with the core theme of the point, allow me observe what all the rest of your readers have to say.Very well done.

  26. With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My blog has a lot of exclusive content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the web without my permission. Do you know any ways to help protect against content from being ripped off? I’d definitely appreciate it.

  27. Good post. I learn one thing more difficult on completely different blogs everyday. It’s going to always be stimulating to learn content from other writers and follow a bit something from their store. I’d desire to make use of some with the content on my blog whether you don’t mind. Natually I’ll provide you with a hyperlink in your internet blog. Thanks for sharing.

  28. Heya i am for the first time here. I came across this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you aided me.

Leave a Reply

Your email address will not be published.