Can I offer a cryptocurrency as a form of payment without violating financial regulations in West Virginia? What are the requirements?

Based on the information available in the West Virginia Code, there is no specific mention of cryptocurrency as a form of payment for taxes. However, the state allows taxpayers to make payments using ACH Credit and Debit methods, Credit and Debit Card Payments, and Intragovernmental Transfers ^[2.1]. Additionally, taxpayers may pay taxes by credit card or debit card, which is voluntary ^[4.3].

It is important to note that the Commissioner may enter into agreements related to receiving payments of tax by credit card or debit card, but the Department may not pay any fee or charge or provide any other monetary consideration under the contracts for the payments ^[4.2].

Therefore, it is recommended that you consult with a legal expert to determine if offering cryptocurrency as a form of payment for taxes in West Virginia would violate any financial regulations.

^[2.1]: WVCS 110-10F-8 ^[4.2]: WVCS 110-10B-7 ^[4.3]: WVCS 110-10B-3

Source(s):

• [2.1] Payment alternatives.
• [4.2] Authority to Enter Into Agreements.
• [4.3] Payments by Credit Card and Debit Card.

Jurisdiction

West Virginia

• General