In particular, as some states openly show aggressiveness against the new asset class, others are openly endorsing it. The latest is the State of Ohio which might begin accepting Bitcoin (BTC) for paying taxes.
According to Mandel, there is no better place to start than the Bitcoin cryptocurrency. Speaking to the Wall Street Journal, Mandel says he sees Bitcoin as a legitimate currency. Mandel further said that he is confident the Bitcoin for taxes initiative will continue way past his tenure.