Ohio, the first US state to accept Bitcoin for taxes, has suspended its cryptocurrency payment system meaning businesses can no longer pay in digital assets. According to Ohio Treasurer Robert Sprague, OhioCrypto.com – the website used to pay taxes in Bitcoin – could be legally operating as a “financial transaction device.” As such, the provider, in this case BitPay, should have been chosen through a “competitive selection process,” The Fresno Bee reports. It appears that OhioCrypto.com’s initiation may have happened unlawfully. Sprague said that it’s vital to explore new technologies, but those that are implemented should be done so in…
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