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Overstock To Pay Some Ohio Business Taxes With Bitcoin

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3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S. Ohio is the first U.S.

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Bitcoin Daily: H&M Pilots Blockchain Tech, Australian Tax Scammers Turn To Bitcoin

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A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.” And scammers in Australia are trading iTunes vouchers for bitcoin as their payment of choice, TheNextWeb reported. million at the time.)

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Bitcoin Daily: Hackers Contribute Crypto To Charities; Bitcoin Crests $12K

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A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. The hackers published the contribution in addition to tax receipts for 0.88 in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. The price of bitcoin was $11,954.07

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Ohio Treasurer Suspends Bitcoin Business Tax Payment Program

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The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately.

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Bitcoin And The Bitter Tax Bite

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And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 Thus, bitcoin traded below $10,000, and cryptos traded down in sympathy.

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

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We launched our first distributed ledger technology in trade finance as early as 2017. Our decision to take part in the pilot project was prompted by our intention to optimize the process of interaction with partners based on blockchain technology.

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Arizona Considers Accepting Tax Payments In Cryptocurrency

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Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported.

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