New Ohio bill would allow citizens to pay state taxes with crypto

Colorado gave residents a similar option in 2022.

On Monday, Ohio senator Niraj Antani introduced a new bill allowing tax payers in the Buckeye state to use cryptocurrencies like bitcoin to pay for state and local taxes.

“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,” Antani said.

However, critics highlight that the bill may enable the government to link wallet addresses to taxpayer identities, potentially raising privacy concerns for crypto investors.

Source - The Street

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