Ohio Imposes Bizarre Ban On Bitcoin-for-Alcohol Sales
Friday, Ohio regulators banned Bitcoin-for-alcohol sales in the state. Ohio regulators impose a bizarre ban on bitcoin-for-alcohol transactions in the state. Nikhil Chand, founder of CoinNEO and Bitcoin Boulevard, patiently prodded state regulators about the legality of Bitcoin-for-alcohol transactions. The federal Alcohol and Tobacco Trade Bureau gave him the go-ahead. But when the Ohio Department of Public Safety finally issued an official response, it was not what he had hoped for. "Bitcoin cannot be accepted as payment for alcohol in the State of Ohio," state regulators decided. The....
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The State of Ohio has effectively banned the use of bitcoin for alcohol sales, becoming the first government in the US to take such explicit action. The decision reportedly came in response to a local journalist's query to the Ohio Department of Public Safety, after that reporter wrote about the Bitcoin Boulevard US project in Cleveland's Cedar & Lee district. The query asked if accepting bitcoin could jeopardize local liquor licences in any way. The Department of Public Safety is responsible for issuing liquor licences in the state. Apparently, the answer is 'yes'. Money and currency.....
The California Department of Alcoholic Beverage Control (ABC) has given the green-light for bars and other alcohol-serving establishments to accept bitcoin as a form of payment. Wired first reported that the state's alcohol regulator did not believe such purchases violated any state laws. The news notably follows the announcement from the Ohio Department of Public Safety, which effectively banned the use of bitcoin for alcohol sales in that state earlier this week in a move that was roundly criticized in the digital currency community. The ABC's information officer John Carr told CoinDesk....
Looking to get your drinking on at the upcoming Bitcoin Boulevard in Cleveland, Ohio? You may just run into a legal snag, it seems. A Cleveland.com reporter filed a story late last week with indications that the State of Ohio does not want bitcoin to be used as a form of payment for alcohol. The official word came from Eric Wolf, who serves as agent-in-charge at the Investigative Unit within the Ohio Department of Public Safety. "Bitcoin cannot be accepted as payment for alcohol in the State of Ohio," the Department ruled, making them the first in the United States to take prohibitive....
Today, the Texas Coinitiative posted a new update to their blog: The Texas Alcoholic Beverage Commission OK's Bitcoin-For-Alcohol sales. Elsewhere in the country, Ohio lawmakers have stymied Bitcoin adoption somewhat by banning Bitcoin-For-Alcohol sales in their state. Elsewhere in Texas, the Texas Department of Banking (DOB) released a guidance which clearly states that businesses accepting cryptocurrencies do not require state money transmitting licenses. Texas, as one of the larger states in America, has understandably been leading the charge in Bitcoin adoption. In March, the Texas....
The State of Ohio may have a beef withallowing the purchase of alcoholic beverages with bitcoin, but Texas on the other hand is just the opposite. In an inquiry submitted to the Texas Alcoholic Beverage Commission (TABC), CoinVault ATM CEO Sheldon Weisfeld (who also happens to be a founding member of the Texas Coinitiative) sought to find the legal status of alcohol sales paid for in digital currency in the State of Texas. Said Carolyn Beck of the TABC in response: Unlike Ohio state law, the Texas Alcoholic Beverage Code does not require the customer to pay in money when purchasing an....