Arizona residents will soon pay taxes using Bitcoin

Home » BLOCKCHAIN » Arizona residents will soon pay taxes using Bitcoin
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]”

  • bitcoinBitcoin$4,973.04
  • ethereumEthereum$162.09
  • rippleXRP$0.322170
  • tetherTether$1.00
  • eosEOS$5.21
  • stellarStellar$0.112227
  • litecoinLitecoin$77.02
  • cardanoCardano$0.081372
  • tronTRON$0.025769
  • moneroMonero$66.47
  • iotaIOTA$0.312756
  • nemNEM$0.063355
  • dashDash$118.64
  • neoNEO$10.87
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 48
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018