Ohio Bill Enabling Blockchain Use by Government Moves to State Senate

House Bill 220 would enable Ohio's governmental bodies to use blockchain and DLT in their operations if signed into law.

Dec 8, 2020 at 4:14 p.m. UTC
Updated Sep 14, 2021 at 10:39 a.m. UTC

Ohio's latest piece of blockchain-focused legislation was passed by the state's House of Representatives on Dec. 2.

  • Introduced to the Ohio Senate a day later, House Bill 220 would enable official state bodies to use blockchain tech in their operations if signed into law by Governor Mike DeWine (R).
  • “A governmental entity may utilize distributed ledger technology, including blockchain technology, in the exercise of its authority,” the bill states.
  • Sponsored by a slightly partisan group of representatives leaning to the Democrats, the bill passed the House with an overwhelming 89 yeas, and just two nays.
  • Ohio has been one of the more active U.S. states when it comes to legislating for the use of blockchain in a bid to become a hub for the industry.
  • The state legalized the use of blockchain-based data back in 2018 and another piece of legislation this May proposed blockchain could be used for voting.
  • Ohio also became the first to allow businesses to pay their taxes with bitcoin in late 2018, though this initiative was later halted by a newly elected state Treasurer.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Bitcoin Miner Argo Blockchain Emerged Unscathed From Its UST Stake

The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.

The company said it was able to sell its minimal UST stake for around 93 cents per token before the price completely collapsed.

2
Binance Seeking ‘Ideal Point’ for India Launch

Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.

Increased hiring, active consultations and monitoring of the regulatory environment by the exchange suggest Indian operations may soon be underway.

3
The Rosetta Stone of Passwords, Return to the ‘Fappening’

The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

The best and brightest people can make truly stupid decisions and terrible predictions. What can we learn from them?

4
A16z Launches First Gaming Fund With $600M Commitment

The venture capital giant will invest in game studios, apps and infrastructure.

The venture capital giant will invest in game studios, apps and infrastructure.