Why a State Suspended its Bitcoin Tax Payment System.

Where: Ohio

What: Ohio created a system to permit taxes to be paid by cryptocurrency

When did they suspend the bitcoin payments? less than a year after it was created

What entity suspended the system? A vote by a state panel that oversees the state’s banking and financial methods

What are the next steps? The State Attorney General will investigate if the bitcoin tax payment system was legally created

Are there non-cryptocurrency reasons behind this? Yes, a change in State Treasurer, the office that created the bitcoin payment system + a non-competitively bid contract to operate the bitcoin tax payment portal

Cleveland.com | Ohio suspends bitcoin tax-payment program. And it’s not clear if it’s coming back.