In brief
- The Ohio State Board of Deposit unanimously approved a vendor on Wednesday to process cryptocurrency payments for state fees and services.
- Secretary of State Frank LaRose said he’s “excited and ready to be the first to provide it to our customers.”
- The decision follows a broader Ohio crypto legislation push, including proposed Bitcoin reserve and blockchain protection bills.
The Ohio State Board of Deposit unanimously approved a vendor to process crypto payments, including Bitcoin, for state fees and services in its latest bid to integrate crypto into public finance.
“With hundreds of thousands of transactions going through my office each year, I want to commend the board for taking bold action to position us at the forefront of the emerging digital economy,” Ohio Secretary of State Frank LaRose tweeted on Wednesday.
Wednesday’s approval caps months of work that began in April, when LaRose and Ohio Treasurer Robert Sprague pushed the board to authorize crypto payments.
The proposal passed un
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Author: Vismaya V
