Ohio Senator Proposes Cryptocurrency Tax Bill

Odaily Planet Daily News: Ohio Senator Niraj Antani has proposed a bill that requires Ohio and all local governments to accept cryptocurrency as a payment method for state and local taxes and fees. This bill not only includes Bitcoin, but also other cryptocurrencies. Ohio became the first state in the United States to accept cryptocurrency taxes in November 2018, but suspended this practice in November 2019 due to legal issues. Antani believes that due to the failure of the state deposit commission to take action, the legislative body will now push for this policy. In addition, the bill explicitly allows state universities and state pension funds to invest in cryptocurrencies. （ Bitcoin Magazine ）