🇺🇸 Ohio House passes bill to exempt Bitcoin payments under $200 from taxes.

The Ohio House has indeed passed a bill related to cryptocurrency!

This bill aims to exempt cryptocurrency transactions from additional taxes and fees, treating digital assets similarly to traditional fiat currency.

While the bill doesn't specify a $200 threshold, it seeks to eliminate state taxes on cryptocurrency transactions used as payment for goods and services.

Cryptocurrencies would receive the same tax treatment as legal tender.

Residents' rights to use, self-custody, and stake digital assets would be protected.

Mining would be allowed in residential areas with zoning compliance and in industrial zones without discriminatory restrictions.

It's essential to note that this bill is part of a broader trend, with Ohio becoming the 16th state to introduce measures supporting cryptocurrency rights and usage. Other states, like Louisiana, have also made strides in accepting Bitcoin for government services.#MyTradingStyle $ETH