Feb 102018

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.

The Senate’s decision has been meanwhile delivered to the state’s House of Representatives for further analysis.

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.