Ohio State Senator proposes bill to allow state and local tax payments in cryptocurrencies.
Ohio State Senator Niraj Antani has proposed a bill to allow residents and businesses to pay state and local taxes using cryptocurrencies like Bitcoin. The legislation would mandate government acceptance of crypto payments and permit investments in digital assets by state universities and pension funds. However, the bill faces hurdles, including concerns about crypto volatility and opposition from state officials. Currently, only Colorado permits tax payments in cryptocurrency.
September 30, 2024
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