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Bill Introduced to Legalize Bitcoin in Arizona

77x bitcoin

Senator Wendy Rogers introduced a bill to make Bitcoin legal tender in the US state of Arizona.

Senator Wendy Rogers introduced a bill that proposes to make Bitcoin legal tender in the US state of Arizona.

The bill seeks to add bitcoin to the list of instruments considered legal tender in Arizona and make peer-to-peer digital currency a legal medium of exchange there, allowing citizens to pay debts, public charges, taxes and fees with BTC.

If enacted, it is likely that all financial transactions currently done in US dollars can be done in bitcoin in the state, including payments and payments. Citizens could choose to receive their salaries directly in bitcoin, and businesses would have complete freedom over how and when they could use bitcoin.

The bill says “Bitcoin” specifically, rather than cryptocurrency in general, and makes no mention of any other digital currency other than the only P2P system that has unreliably managed to solve the problem of double-spending digital money.

Arizona could become the first US state to recognize Bitcoin as legal tender if the bill moves forward and passes.

El Salvador became the first country in the world to make Bitcoin legal tender in September after President Nayib Bukele introduced a bill that would equate BTC with US dollars, the other legal tender in the Central American country. .

Allowing the freedom to trade and store wealth in an incorruptible form of money that is also stronger than the dollar is a net positive for the state of Arizona and its citizens.

Similar intentions are brewing in Texas. Gubernatorial candidate Huffines said he will try to make Bitcoin legal tender in his state if he wins the election, as he says “Texas must prevent the federal government from shutting down the industry and discriminating against bitcoin holders.” Bitcoin”.

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