Ohio's House Technology Committee has unanimously advanced a bill allowing tax-free Bitcoin payments under $200 and proposing legal protections for digital asset users.

Key TakeawaysKey Takeaways

• Ohio House committee unanimously passes Blockchain Basics Act, enabling tax-free Bitcoin payments under $200.
• Bill provides legal clarity for blockchain activities, self-custody, and bitcoin mining rights in the state.
• Ohio considers additional bills to establish state-level bitcoin reserves, joining other states in similar efforts.

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