he Ohio State Senator Niraj Antani has recently proposed a bill that would legalize Bitcoin and other digital assets for state taxes and fees. This could be seen as a milestones for the state of Ohio, establishing ittself in the adoption of digital currency
Proposed Changes The bill would allow
The following bill would allow People in Ohio to use cryptocurrencies in order to pay to pay for their local and state taxes. Moreover, State Universities and public pension funds will be able to invest in bitcoin and other digital assets.
Earlier Attempts and Recent Pushes
This is not the first time that the Ohio State proposes such a bill. Back in 2018 Ohio approved a bill to accept crypto payments for taxes. However the bill did not last and halted in 2019. Senator Antani’s current goal, is to bypass the previous restriction from regulators.
Ohio's Crypto Leap
The approval of the bill will be a great achievement for the state of Ohio, placing it a the forefront in terms of cryptocurrencies and digital assets in innovation and adoption and could potentially enhance economic advancement in its developing digital economy.
