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State Not Accepting Business Tax Payments Via Bitcoin

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This tax season the state is no longer accepting bitcoin as a form of payment from businesses.  

Ohio's attorney general is making clear he's against bringing the cryptocurrency program back. Ohio Public Radio's Andy Chow explains.

The state website OhioCrypto.com lasted for about 10 months before David Yost said in a legal opinion that the program was created illegally.

The state's board of deposit would have to revive the program. Yost is a member of that board, and says everyone can count him as a "no" vote.

 

Yost: "There is no reason for you to pay your tax liability or any other liability you have to the state of Ohio with anything other than good old United States dollars."

 

Former state treasurer Josh Mandel said he created the program to show the state was embracing crypto currency. But his successor Robert Sprague says he doesn't have any plans to bring it back.

 

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