Altcoins Talks - Cryptocurrency Forum
Further Discussions => Legality & Taxation of Cryptos => Topic started by: Goodcat49 on December 08, 2018, 03:27:18 PM
-
Ohio, a state of the USA, gave the world John Glenn, Rock & Roll Hall of Fame and the Wright Brothers and, it is also planning to put more claims to fame such as “Silicon Valley of Cryptocurrency,” as soon as possible. Ohio — which is also well known by its official nickname “Buckeye State” is optimistic that crypto and blockchain technology will more significantly reinforce the economy to better standards. Recently, these bulls allied in the fields of investments, innovation, public policy and education. Innovation has played a big part to obscure the bear market of digital currencies especially Bitcoin (BTC). Ohio is more likely to change its official nickname (motto) to ‘The BTC State.’
In 2018, Ohio has been some much friendly to technology innovation – especially crypto & blockchain, which put it on the world map. It wants to be like what the Silicon Valley did to California – it has a GDP of around $748 billion. Technological transformation comes with some impacts on the economy which can’t be neglected and misheed.
Cleveland a Fertile Place for Blockchain
Buckeye state was the first U.S State to accept all commercial enterprises and other financial institutions, which carry out their activities within the state to freely pay crypto especially BTC for taxes imposed by the state. Some of these taxes include public utility tax, sales tax, pass-through entity tax and sales tax, according to reports. It’s not a MUST that firms have to be located in Ohio, but rather operating within the state.
This great came from Ohio treasurer Josh Mandel, who has been working since the year 2011, as coinidol recently reported.
“Treasurer Mandel believes in leveraging cutting-edge technology to provide Ohioans more options and ease while interfacing with state government,” the website revealed.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-to-catapult-ohio-state/
(https://coinidol.com/upload/resize_cache/iblock/351/900_900_1/351fda00300be1d9b86af09591b587a6.png)