I wonder if Ohio thinks this will cut down on cryptocurrency-related tax avoidance. I hope not many coiners pay their tax bills this way. It's providing them a possible way to identify your wallets and transaction history.
I hope my state will do the same. Even if the government has to sell it on the market to get the fiat, it is still good for the demand of bitcoin in the process.
How so? People aren't going to buy coins to pay taxes. Bitcoin holders might spend coins on taxes, though. And the government will turn around and sell them for fiat. It seems demand-neutral, but encourages more selling on the market.
It is really reverted way rather than recognizing it as a demand. Sell out would be there but we wont know if they would just simply hold it up or sell directly its their choice.Theres a possibility that they do made such act
or adoption for tracing up those personalities that do involved on crypto.An indirect way on tracing people main wallet but it depends of a certain user if they are more wiser than the government.lol
Using other wallet to pay up but in my case i would just stick on fiat terms and just save up my precious crypto.Less hassle and less risk to be tracked.