Arizona residents will soon pay taxes using Bitcoin

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2018-02-11
Arizona residents will soon pay taxes using Bitcoin

Arizona can become the first US state, whose residents will soon be able to pay taxes using Bitcoin and other cryptocurrency. The corresponding bill was passed by the State Senate this week.

A three-vote margin was enough to pass the document. Now the bill will be forwarded to the Arizona House of Representatives for further consideration. At the same time, in January, representatives of the Senate Finance Committee, with a margin of just one vote (4 in favor, 3 against) also approved the text of the bill.

As representative of the Republican Party Jeff Vaninger noted, changes in the state’s tax law are aimed at making Arizona a comfortable place to live for users of new technologies. He also believes that in this way Arizona sends a signal to everyone in the US and the rest of the world that in the future the state will be open to blockchain and digital currencies.

“This means that the funds are being sent to the state, and after that it is the state that is responsible for the further conversion of the [cryptocurrency]”

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,869.29
  • ethereumEthereum$136.85
  • rippleXRP$0.312192
  • tetherTether$1.00
  • eosEOS$3.76
  • stellarStellar$0.084695
  • litecoinLitecoin$56.98
  • cardanoCardano$0.042567
  • tronTRON$0.022962
  • moneroMonero$49.03
  • iotaIOTA$0.278208
  • nemNEM$0.042044
  • dashDash$80.73
  • neoNEO$9.16
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