Ohio Senator Introduces Bill to Legalize Bitcoin and Crypto Payments for State Taxes.

Ohio State Senator Niraj Antani has introduced a bill aimed at allowing the use of Bitcoin (BTC) and other cryptocurrencies for paying taxes and fees across Ohio and its local governments. This legislation, presented on September 30, seeks to facilitate digital asset payments for state and local tax obligations, encouraging broader adoption of cryptocurrencies within government transactions.

Antani emphasized the importance of embracing cryptocurrency as a crucial element of the modern economy, stating: “Cryptocurrency is not just the future, but it’s the present of our 21st-century economy. We must encourage innovation and free enterprise in Ohio.”

Ohio previously became the first U.S. state to accept cryptocurrency for tax payments in 2018, under the leadership of then-State Treasurer Josh Mandel. However, the program was halted in 2019 following a ruling by the Ohio Attorney General that required formal approval from the State Board of Deposits. Antani’s new legislation is intended to reignite Ohio’s leadership in crypto adoption by circumventing the Board’s inaction.

The bill also seeks to expand the use of cryptocurrencies by allowing state universities and public pension funds to invest in digital assets, granting these institutions increased financial flexibility.

Ohio joins a growing number of states considering or implementing legislation for cryptocurrency-based state payments. Colorado has already begun accepting crypto for taxes, while Wyoming and Arizona have made notable advances in similar legislation. Other states like Louisiana have also begun integrating crypto into specific state services.

If successful, Ohio could reestablish itself as a pioneer in government-led crypto adoption, pushing further innovation in both state governance and economic development.

Hoping Nigeria’s government will follow suit with friendly legislation towards Cryptocurrency.