Ohio State Senator Niraj Antani has introduced a bill to legalize Bitcoin and other cryptocurrencies for tax and fee payments in Ohio. The legislation, unveiled on Sept. 30, allows residents to use digital assets like Bitcoin to meet their state and local tax obligations. Antani believes that embracing cryptocurrency is crucial for Ohio's economic future and aims to promote innovation and free enterprise in the state. The bill also permits state universities and public pension funds to invest in cryptocurrencies, offering more financial flexibility. This move follows Ohio's previous attempt in 2018, which was short-lived due to regulatory concerns. If successful, Ohio could become the second state after Colorado to implement a program allowing crypto payments for taxes. Other states like Wyoming and Arizona are also exploring similar legislation, reflecting a growing interest in using crypto for state transactions despite federal caution under the Biden administration. Read more AI-generated news on: https://app.chaingpt.org/news

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