Arizona Senator Introduces Bill To Make Bitcoin Legal Tender In The State

2023-1-26 18:08

A bill introduced by Sen. Wendy Rogers reflects growing interest in bitcoin from U.S. states.

State Sen. Wendy Rogers (R-AZ) has introduced a set of bills aimed at making bitcoin legal tender in Arizona and allowing state agencies to accept bitcoin.

The proposed legislation aims to recognize bitcoin as a legal form of currency in Arizona, allowing it to be used to pay for debts, taxes and other financial obligations. This would mean that all transactions that are currently done in U.S. dollars could potentially be done with bitcoin, and individuals and businesses would have the option to use bitcoin as they see fit.

Specifically mentioning bitcoin alone, the legal tender bill defines bitcoin as, “the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the Bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.”

The acceptance bill is more broad, saying that, “A state agency may enter into an agreement with a cryptocurrency issuer to provide a method to accept cryptocurrency as a payment method of fines, civil penalties or other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations and special assessments to pay any amount due to that agency or this state.”

This is the second time that Sen. Rogers has introduced a bill aimed at making bitcoin legal tender in her state. She introduced the same amendment in January 2022, which died by the second reading.

Although it may appear there are slim chances of the bill passing this time, El Salvador’s adoption of bitcoin as legal tender has proven to be a boon for growth and investment in the country. Recent actions in states like Texas, New Hampshire, Missouri and Mississippi all indicate increasing U.S. state interest in bitcoin and its benefits. As bitcoin adoption strengthens, the likelihood of such bills passing will only increase. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97266.13 (+0.10%)
Объем 24H $96.88b
Изменеия 24h: 2.98 %, 7d: 6.58 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1924.447b Rank 1
Цена в час новости $ 23222.27 (318.85%)

bitcoin bill sen rogers wendy reflects growing

Источник: bitcoinmagazine.com

bitcoin bill → Результатов: 126


Фото:

Groundbreaking Bill Giving Bitcoin Legal Tender Status Officially Passed In El Salvador

With 62 votes a few hours ago, the Salvadoran Congress has approved the bill introduced by president Nayib Bukele to adopt bitcoin as the country’s legal tender. As ZyCrypto reported earlier, Bukele announced during the Bitcoin 2021 Miami Conference that he was considering sending a bill to Congress to make the world’s oldest cryptocurrency the […]

2021-6-10 19:27


Why Would an Anti-Bitcoin US Congressman Want a Bill to “Outlaw” Cryptocurrencies?

Sherman says, “nip this (Crypto) in the bud” as it undermines the US Dollar He says Cryptos are mostly used by criminals The Democrat Congressman from California, Brad Sherman, a bitcoin basher recently at a meeting of the House Financial Services Committee on May 9 called out for a legislation that will make it illegal […]

2019-5-21 03:04


Фото:

Harsh Crypto Regulations Force Another Indian Exchange out of Business

Indian crypto market faces another strong blow as Coinome exchange announced that it will be shutting down business from May 15, Quartz reported May 10, 2019. Third Major Crypto Business to Fall to Unfavorable Regulations The recent bill introduced by the Indian government that proposes a blanket ban on cryptocurrencies has had a far-reaching effectRead MoreRead More.

2019-5-11 01:00


US Congressman Makes a Stand Again Against Advocating for a Bill to Ban Bitcoin, Outlaw Cryptos

Everybody knew this was coming sooner or later. After Bitcoin and the other cryptos getting famous, people would obviously want to ban them sometime. It is almost a natural move. Something cool and revolutionary appears and eventually people believe that it is too good to be allowed, so they want to ban it. Bitcoin Hater […]

2019-5-10 16:14


Фото:

Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.S. International Power

Bradley James Sherman, a Democratic Representative from California, is urging the other Congressmen to join him and work towards outlawing cryptocurrencies in the United States. He is seeking a bill that would stop US citizens from purchasing or dealing with cryptocurrencies, due to the potential threat it poses to the US Dollar as the sovereign […] Democratic Congressman Wants to Ban Cryptocurrencies to Keep U.

2019-5-10 12:59


Фото:

Indian Government Mulling Blanket Ban on Cryptocurrencies

The government of India has drafted a bill to completely ban cryptocurrencies and regulate official digital currencies, reports The Economic Times, April 26, 2019. Things Go from Bad to Worse Since its inception, the growth of the Indian cryptocurrency ecosystem has been continually stalled due to government and Reserve Bank of India (RBI) diktats.

2019-4-26 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru