While Bitcoin is struggling to bounce back over 4k $ after a very rough weekend for crypto, some good news surfaced across the Atlantic.
The Ohio state will become the first one in the US to accept tax payments in Bitcoin and from this week and on any local business can visit OhioCrypto.com to settle their payments to the government in BTC.
The man behind the implementation of the tax payments via BTC is the state treasurer, Josh Mandel who sees BTC as a legitimate form of currency and believes it is a good way of moving Ohio towards public serving tech ideas. Since there is a partnership with crypto payment processor BitPay, the tax office faces minimal risk, as they rely on it to convert crypto to dollars without volatility presenting a direct issue.
Although such moves do not affect the market directly they surely show a direction of growth and a forward momentum now supported and even receiving a form of governmental approval.