State of Ohio Says You Can't Use Bitcoin For Booze
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....
Related News
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....
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....
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.....
House Bill 220 would enable Ohio's governmental bodies to use blockchain and DLT in their operations if signed into law.
Akron, the fifth largest city in the state of Ohio is not the one to be left behind in the bitcoin revolution. Keeping up with the times and changing global economy, the city got its first bitcoin ATM recently. Akron is one of the hotbeds of innovation in the United States, the city is home for some of the well-known companies and innovation centers that are responsible for running the modern world as we know it. It is the home for the American polymer industry, where most of the innovations in rubber and polymers emerged. It is not surprising for a place with the “City of Innovation”....