Will bitcoin be legal tender in Arizona?

(Kitco News) An Arizona state senator proposed a bill that would make Bitcoin legal tender. In an unlikely event that it will pass, Bitcoin could be used as cash to pay for purchases, bills and taxes. Bill 1341 was introduced by the Republican State Senator Wendy Rogers of Arizona.

Could Arizona become the first state to use Bitcoin?

If passed into law, this would make Arizona the first state in the nation where Bitcoin is legal tender. Judging from El Salvador's Bitcoin experiment, Arizona's move could impact the state's tourism industry and potentially lead to the creation of new tech hubs.

Will BTC be a legal currency in Arizona?

Now, an Arizona legislator has tabled a bill that aims to give BTC legal currency status at par with fiat currency. The Arizona Bitcoin bill has been put forward by Senator Wendy Rogers proposes that BTC be considered a legal tender for transactions and be part of the Arizona state’s official state currency.

Is a bill aimed at regulating the cryptocurrency market in Arizona?

The past few months saw the USA make big strides in crypto regulations. Some steps were positive while most were aimed at regulating the cryptocurrency market. Now, an Arizona legislator has tabled a bill that aims to give BTC legal currency status at par with fiat currency.