What is Ohio's FATF status?

Ohio is classified by FATF as: non_compliant.

Are VASPs licensed in Ohio?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Ohio?

KYC is not universally mandated.

🇺🇸 Ohio Subdivision of United States

Ohio briefly accepted Bitcoin for tax payments (2018-2019, discontinued). Standard money transmission regulation applies. Growing as affordable tech hub.

Overview

Status	Legal
Risk Score	30/100 (Moderate Risk)
Region	north america
Currency	USD

Tax Information

Capital Gains (Personal)	Federal + up to 3.75% state
Capital Gains (Corporate)	Federal + 0.26% CAT
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax guidance available.

Licensing & Registration

Required	Yes
Regulator	OH Division of Financial Institutions
Framework	OH Money Transmitter Act

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC Required	No
Travel Rule	No
FATF Member	No
FATF Status	non_compliant
FATF Body	FATF
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

Legal	Yes
Electricity Cost	$0.1/kWh
Renewable Energy	20%
Infrastructure	good

Ohio has competitive electricity rates relative to the US average, with a temperate climate aiding cooling. Infrastructure for data centers and mining is good due to proximity to major internet hubs and power grids.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	67/100
Banking Access	open

Risk Factors

regulatory changes
energy price volatility

Ohio benefits from stable US political environment, good internet freedom, and open banking for crypto businesses. Risks include potential regulatory shifts and energy cost fluctuations.

Sources

OH Division of Financial Institutions official
OH Money Transmitter Act framework

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Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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