Your Go-To Source for Market Insights

Ohio Senator Introduces Legislation to Allow Cryptocurrency Payments for Taxes

Ohio State Senator Niraj Antani has put forward a bill that would require the state and local governments to accept cryptocurrencies, including Bitcoin, for tax payments, as reported by Odaily. This move comes after Ohio was the first U.S. state to accept crypto for tax obligations in November 2018, a practice that was discontinued a year later due to legal complications. Antani argues that, with no action from the State Depository Board, it’s time for the legislature to advance this initiative. Furthermore, the proposed bill would also allow state universities and pension funds to invest in cryptocurrencies.

Send
Share
Share
Send