You are viewing a single comment's thread from:
RE: Ohio says businesses can now pay their taxes in bitcoin!
Must be they are expecting a rise in BTC price... that’s what I make of it!
Posted using Partiko iOS
Must be they are expecting a rise in BTC price... that’s what I make of it!
Posted using Partiko iOS
I think they are just trying to get cryto-related business to move to Ohio and make a home there.
Interesting jrc, you might be right there. I would have thought government of any size would want to ensure minimum volatility in any currency they accept for payment of taxes. They must be figuring that volatility risks are minimal compared to the medium to long term advantages to the state economy if they can successfully encourage capital inflow and innovation.
Even if they haven’t done sufficient due diligence, the perceived legitimacy will probably have a positive ripple effect for the entire digital currency space that is warranted by the fundamentals of the technology. So, good news I think.
Yep, agreed. It says they will immediately be converting them to fiat, so there isn't much of a holding risk beyond the transfer time I believe.