notices - See details
Notices
JG
Jonathan G. Harris (not verified)
18th February 2019 | 1:16am

Thanks for the comment.
I don't see that the Airzona Senate Bill ever passed the other house and became law.

Actually Ohio does not accept bitcoin for any taxes. Because the treasurer is owns crypto, he has arranged for a private firm to accept bitcoin and convert it to dollars which are remitted to the State. The terms of service on the website state:

"You will not be relieved of your payment liability for the underlying tax obligation of your payment through the Services to TOS, except to the extent that TOS realizes final payment of the underlying obligation in United States Dollars."

Proposals for cryptocurrency "acceptance" in other states, which have failed, also would have had similar restrictions. Acceptance of a payment mechanisms means that the state has to take position and take the volatility risk of the mechanism, otherwise it is no different from just the state offering a convenient mechanism of selling something.

I don't know whether the Swiss towns hold the crypto for any length of time or have a provider convert the Bitcoin to local currency, but the taxes are still quoted and denominated in local currency.