Ohio Senator Proposes Crypto Payments Bill

Ohio State Senator Niraj Antani has introduced a bill that would allow Ohioans to use cryptocurrencies, such as Bitcoin, to pay for state and local taxes. The legislation aims to position Ohio at the forefront of technological advancement and economic development, following a similar but short-lived initiative in 2018. The bill also proposes that state universities and public pension funds be permitted to invest in cryptocurrencies. Critics raise concerns about potential privacy issues, as the government could link wallet addresses to taxpayer identities. The bill is currently awaiting committee assignment and must pass through the Ohio legislature before becoming law. If successful, Ohio would join Colorado and other jurisdictions in accepting cryptocurrencies for tax payments.