Ohio State Sen. Niraj Antani, who represents the state’s sixth district, recently introduced A new bill aims to allow tax payments with crypto in the state.
The government must accept Bitcoin and some unspecified alternative cryptocurrencies.
In his statement, Antani argued that the bill was intended to increase free enterprise and encourage innovation.
Ohio became the first US state to start accepting Bitcoin tax payments in November 2018. The payment system is powered by popular cryptocurrency payment processor BitPay, which will convert crypto into US dollars. It was run through the office of former Ohio Treasurer Josh Mandel.
However, the pilot program, which was supposed to be a blueprint for other states, was shut down due to inspection issues. A website that allowed Ohioans to make crypto payments was shut down because it lacked permission to operate the program. Treasurers are not allowed to convert crypto into dollars.
Additionally, the program gained little traction. In fact, they failed to hit ten payouts.
Even though crypto has gained a lot of popularity since 2018, Antani’s bill is still very unlikely to be passed.
