Posts tagged "cryptocurrency"

Ohio Becomes First State to Accept Bitcoin for Tax Payments

The Treasurer of Ohio announced this week that taxpayers in his state will be able to pay business taxes with cryptocurrency - making Ohio the first state in the U.S. to do so.

Bitcoin Secrecy a Bust

The U.S. District Court for the Northern District of California recently ordered Coinbase Inc., the world's largest cryptocurrency exchange and storage platform, to provide information to the Internal Revenue Service (IRS) about accountholders who have entered into transactions valued at $20,000 or more between 2013 and 2015. Cryptocurrency or virtual currency, such as bitcoin, has come under significant scrutiny by the IRS lately.

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