Ohio State Senator Niraj Antani has introduced a bill that would require the state to accept cryptocurrencies for tax and fee payments. The bill would also allow state institutions of higher education and pension funds to invest in cryptocurrencies.

Under the bill, the state tax commissioner would determine the cryptocurrencies that will be accepted by June 30 each year. However, central bank digital currencies (CBDCs) would be excluded.

Ohio was the first state to accept cryptocurrency for tax payments in 2018. However, the policy was not approved by the state’s depository board. Antani said the legislature will step in on the matter.

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