Arizona passed a bill that aims to allow state residents to pay their taxes with Bitcoin and other cryptocurrencies

Apparently good news is coming for the Bitcoin community and cryptocurrencies in general, since the state of Arizona could be one of the first to implement Bitcoin and / or any other cryptocurrency as an official means of payment allowed by the state, for payments of taxes.

The Arizona Senate passed a bill that aims to allow state residents to pay their taxes with Bitcoin and other cryptocurrencies.

Last month, a group of lawmakers introduced a bill that, if passed, would allow taxpayers to use Bitcoin or other cryptocurrencies to pay "taxes, any interest and penalties" to the state Department of Revenue. The Department, in turn, would have 24 hours to convert those payments to US dollars. UU

Public records show that the Senate passed the bill on February 8 by a margin of 16-13, with one without a vote. Since then, the measure was sent to the State House of Representatives for later consideration.

While the success of the measure depends both on the approval in that chamber, and on any possible reconciliation required if the House of Representatives and the Senate finally approve different versions, the successful vote augurs well for final approval. Late last month, legislators from the Senate Finance Committee approved the bill by a vote of 4-3.

Arizona state representative Jeff Weninger, one of the bill's co-sponsors and sponsor of several related bills - including one submitted this week that, if approved, would block local and county regulation of Blockchain nodes - recently He told Fox News that the fiscal measure aims to make the state a favorable place for technology users.

"It's a litany of invoices that we're running that is sending a signal to everyone in the United States, and possibly all over the world, that Arizona will be the place for blockchain technology and digital currency in the future". "He told the news service.