TechFlow news — On September 30, according to Bitcoin Magazine, Ohio State Senator Niraj Antani introduced a bill requiring Ohio and all local governments to accept cryptocurrency as payment for state and local taxes. The bill covers not only Bitcoin but other cryptocurrencies as well.
Senator Antani stated: "Cryptocurrency is not just the future—it's the present of our 21st-century economy. If we want to encourage innovation and free enterprise in Ohio, we should do everything we can to normalize the use of cryptocurrency."
Ohio previously became the first U.S. state to accept cryptocurrency for tax payments in November 2018, but suspended the program in November 2019 due to legal issues. Antani believes that since the state depository board has failed to act, the legislature must now advance this policy. Additionally, the bill explicitly allows state universities and state pension funds to invest in cryptocurrency.
