Arizona residents could pay taxes with cryptocurrency

The Senate of the US state of Arizona passed a bill a few days ago which aims at enabling people to pay their taxes using cryptocoins.

arizona cryptocurrency

Arizona to ease legislation for cryptocoins use (pic: wikimedia commons)

The bill, which was approved by a 16-13 margin, could allow taxpayers to make use of their digital coins such as ethereum, bitcoin or ripple, to pay “tax and any interest and penalties” to the state’s Department of Revenue.

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Arizona State lawmakers claim that the tax measure is intended at making the state an accommodating place for users of the technology.

Practically, the crytocurrency focus sends out a signal to the entire US and throughout the world, that Arizona is very likely to become an attractive spot for blockchain and digital currency technology in the near future.

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