Arizona residents will soon pay taxes using Bitcoin

Home » BLOCKCHAIN » Arizona residents will soon pay taxes using Bitcoin
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$3,607.66
  • rippleXRP$0.322199
  • ethereumEthereum$119.97
  • tetherTether$1.00
  • eosEOS$2.43
  • stellarStellar$0.106259
  • litecoinLitecoin$30.96
  • cardanoCardano$0.043839
  • tronTRON$0.024094
  • moneroMonero$44.56
  • iotaIOTA$0.309411
  • nemNEM$0.056061
  • dashDash$70.19
  • neoNEO$7.58
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 4
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 8
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 29
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 18
© 2017–2018