Overview

• The Ohio State Board of Deposit unanimously cleared a payment processor to handle Bitcoin and other digital assets for public fees and services.
• Secretary of State Frank LaRose said his office intends to offer the option first, citing strong demand from hundreds of thousands of annual transactions.
• The approval caps a push that began in April and follows a May vote authorizing crypto payments pending vendor selection.
• Recent measures include tax relief for small crypto transactions and a Blockchain Basics Act designed to stop local restrictions on digital asset use.
• House Bill 18 would permit allocating up to 10% of certain funds into cryptocurrencies such as Bitcoin, aligning with a broader wave of state-level reserve proposals tracked across the U.S.