AEI: The implications of accepting cryptocurrency for tax payments

Last year, Ohio made news by becoming the first and only state to accept cryptocurrency (bitcoin) for state business tax payments. I recently had the opportunity to discuss this move with the Chris Berry, the Chief of Staff to the former Ohio’s state treasurer, Josh Mandel, who implemented this plan. Berry worked with his state government colleagues who want Ohio to become the national leader in blockchain technology. Berry believes the state’s move to allow businesses to pay their taxes in bitcoin on OhioCrypto.com will encourage more blockchain-related companies to do business in Ohio, and increase “options and ease” for taxpayers. Here are some of the highlights from our conversation.

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