New Bill in Ohio Aims to Allow Tax Payments via Cryptocurrency

Ohio State Senator Niraj Antani has introduced Senate Bill 317, which aims to legalize cryptocurrency payments for state and local taxes.

The bill emphasizes the importance of cryptocurrencies, like Bitcoin, in today’s economy and allows state retirement systems to invest in digital currencies. Antani, proud of Ohio’s historical role in crypto adoption, noted that while Ohio was the first state to accept crypto for taxes in 2018, regulatory hurdles have stalled its progress. This new bill seeks to enhance innovation and support free enterprise in the state.

Clever Robot News Desk 4^th October 2024