Bitcoin (BTC) continues to witness larger adoption because the Ohio Board of Deposit not too long ago chosen a vendor to facilitate the acceptance of cryptocurrency funds for state charges and companies.
Ohio To Accept Payments In Bitcoin
According to a current official announcement, the Ohio Board of Deposit has chosen a vendor to allow the acceptance of cryptocurrency funds – together with BTC – for state charges and companies.
It is value highlighting that Ohio’s transfer to legitimize crypto funds follows a proposal that was handed by the board in May 2025, which designated cryptocurrencies as a certified monetary transaction gadget.
Commenting on the event, Ohio Secretary of State Frank LaRose stated that the Ohio Board of Deposit’s determination to just accept crypto funds will assist Ohio in sustaining its place as a number one state for enterprise. LaRose added:
There’s a purpose why we now rank among the many high 5 states within the nation to do enterprise. It’s as a result of we’re not afraid to embrace the instruments, tendencies and applied sciences that incentivize job creators to return right here. My workplace processes lots of of 1000’s of monetary transactions annually, and we’ve heard a rising demand for a cryptocurrency fee possibility. I’m excited and able to be the primary to supply it to our clients.
With this growth, Ohio has change into the fourth US state to go forward with permitting funds in digital property for presidency companies. Other states that supply comparable amenities are Colorado, Utah, and Louisiana.
To recall, in April 2025, Colorado grew to become the primary US state to just accept tax funds in cryptocurrencies. At the time, the state’s Governor, Jared Polis, remarked that Colorado residents can use PayPal’s Cryptocurrency Hub to pay taxes with crypto.
Similarly, Utah’s Senate handed House Bill 230 earlier this 12 months to ascertain a number of custody protections for the state’s crypto miners. Among different issues, the Bill supplies the best to mine Bitcoin, run a node, develop software program, and take part in staking with out regulatory overreach.
Are State BTC Reserves Next?
While Ohio has change into the most recent state to just accept cryptocurrencies for presidency charges and companies, there are a number of different states at the moment in competition to create their very own strategic Bitcoin reserves.
The following chart exhibits the present standing of strategic Bitcoin reserve plans throughout totally different states within the US. Currently, solely Texas, Arizona, and New Hampshire have accredited state-level strategic Bitcoin reserve laws.
On the opposite, states like Montana, North Dakota, South Dakota, Pennsylvania, and Wyoming have rejected the proposal of getting a strategic Bitcoin reserve. Meanwhile, 16 states are nonetheless within the proposed stage. At press time, BTC trades at $111,121, down 2.1% prior to now 24 hours.
Featured picture from Unsplash.com, charts from bitcoinreservemonitor.com and TradingView.com
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