• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ohio Might Legalize Crypto Tax Payments

user avatar

by Giorgi Kostiuk

a year ago

Ohio State Senator Niraj Antani, who represents the state's sixth district, recently introduced a bill that aims to make it possible to pay taxes with crypto.

Senator Antani's Initiative

Senator Antani argues that his bill is meant to boost free enterprise and promote innovation. If the bill passes, government bodies would have to accept Bitcoin and alternative cryptocurrencies.

History of Crypto Acceptance in Ohio

Ohio became the first US state to start accepting Bitcoin tax payments back in November 2018. The payment system, powered by the popular cryptocurrency payment processor BitPay, converted crypto to US dollars. The program was run through the office of former Ohio Treasurer Josh Mandel.

The website that allows Ohioans to conduct crypto payments was shut down since there was no permission to operate the program.Josh Mandel

Future of the Bill

Even though crypto has gained a lot of popularity since 2018, Antani's bill is extremely unlikely to pass. The previous program in Ohio failed to gain traction, reaching fewer than ten payments.

Senator Antani's initiative could be an important step towards government-level recognition of cryptocurrencies, but it faces significant hurdles and skepticism.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Romania's Budget Deficit Drivers and Policy Measures for 2025

chest

In 2025, Romania's budget deficit is driven by strong revenue growth across key tax categories and prudent spending measures, including a freeze on public wages and pensions.

user avatarLeo van der Veen

Renault and Stellantis Launch Affordable EVs to Compete in Europe

chest

Renault and Stellantis are launching affordable electric vehicles to compete with Chinese brands in Europe.

user avatarKaterina Papadopoulou

Volkswagen Aims for Electric Vehicle Sales Surge by 2026

chest

Volkswagen aims to enhance electric vehicle sales by 2026 with new low-cost models and a partnership with Xpeng Inc.

user avatarAisha Farooq

Hyperliquid's Strong Metrics and Buyback System Enhance HYPE's Value

chest

Hyperliquid's metrics highlight HYPE's unique position in DeFi, showcasing significant trading volume and a robust buyback system that enhances its long-term value.

user avatarLi Weicheng

Rising Interest in Hyperliquid's HYPE Coin Ahead of 2026

chest

As 2026 approaches, interest in Hyperliquid's HYPE coin is steadily rising, with analysts predicting price expectations between 37 and 123 based on strong usage data.

user avatarMaya Lundqvist

Vitalik Buterin Advocates for Ethereum's Long-term Usability

chest

Vitalik Buterin emphasizes the importance of the 'walkaway test' for Ethereum's long-term usability and credibility.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.