TechFlow reported that on September 30, according to Bitcoin Magazine, Ohio Senator Niraj Antani proposed a bill requiring Ohio and all local governments to accept cryptocurrencies as a payment method for state and local taxes. The bill covers not only Bitcoin, but also other cryptocurrencies.
“Cryptocurrency is not only the future, it is the present of our 21st century economy,” said Senator Antani. “If we want to encourage innovation and free enterprise in Ohio, we should do everything we can to normalize the use of cryptocurrency.”
Ohio became the first state in the U.S. to accept cryptocurrency for tax payments in November 2018, but suspended the practice in November 2019 due to legal issues. Antani believes that since the state deposit board failed to act, the legislature will now push for this policy. In addition, the bill also explicitly allows state universities and state pension funds to invest in cryptocurrencies.