Bitcoin (BTC) continues to witness better adoption because the Ohio Board of Deposit lately chosen a vendor to facilitate the acceptance of cryptocurrency funds for state charges and companies.
Ohio To Settle for Payments In Bitcoin
Based on 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’s value highlighting that Ohio’s transfer to legitimize crypto funds follows a proposal that was handed by the board in Might 2025, which designated cryptocurrencies as a licensed monetary transaction machine.
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 prime 5 states within the nation to do enterprise. It’s as a result of we’re not afraid to embrace the instruments, traits and applied sciences that incentivize job creators to come back right here. My workplace processes a whole bunch of hundreds of monetary transactions annually, and we’ve heard a rising demand for a cryptocurrency cost choice. I’m excited and able to be the primary to supply it to our clients.
With this growth, Ohio has grow to be the fourth US state to go forward with permitting funds in digital belongings for presidency companies. Different states that supply related services are Colorado, Utah, and Louisiana.
To recall, in April 2025, Colorado turned the primary US state to just accept tax funds in cryptocurrencies. On the time, the state’s Governor, Jared Polis, remarked that Colorado residents can use PayPal’s Cryptocurrency Hub to pay taxes with crypto.
Equally, Utah’s Senate handed Home Invoice 230 earlier this 12 months to determine a number of custody protections for the state’s crypto miners. Amongst different issues, the Invoice gives the best to mine Bitcoin, run a node, develop software program, and take part in staking with out regulatory overreach.
Are State BTC Reserves Subsequent?
Whereas Ohio has grow to be the newest state to just accept cryptocurrencies for presidency charges and companies, there are a number of different states at present in rivalry to create their very own strategic Bitcoin reserves.
The next chart reveals the present standing of strategic Bitcoin reserve plans throughout completely different states within the US. At the moment, solely Texas, Arizona, and New Hampshire have authorized state-level strategic Bitcoin reserve laws.
Quite the opposite, states like Montana, North Dakota, South Dakota, Pennsylvania, and Wyoming have rejected the proposal of getting a strategic Bitcoin reserve. In the meantime, 16 states are nonetheless within the proposed stage. At press time, BTC trades at $111,121, down 2.1% previously 24 hours.
Disclaimer: For data functions solely. Previous efficiency just isn’t indicative of future outcomes.
