Arizona moves to allow residents to pay taxes with Bitcoin

A great step in the right direction..
Lawmakers in Arizona have proposed allowing residents to pay their taxes in bitcoin.

State Rep. Jeff Weninger, a co-sponsor for the bill, which the senate finance committee has already passed, said the measure will send a signal to the U.S. and possibly worldwide that Arizona is a place for blockchain and digital currency.

Not everyone support this new idea, not all lawmakers are enthiousiast. Arizona State Senate Minority Leader Steve Farley said if the proposal passes, it could put all taxpayers at risk if bitcoin crashes.

Jack Biltis, who owns Tag Employer Services, an Arizona company that allows employees to be paid in bitcoin and invest part of their 401(k) retirement plans in bitcoin, said a new technology is always a bit scary and thrilling at the beginning, as it was with the Internet. He said the world will look very different in 20 years, and the people who will be successful are those that embrace the technology now and are on the leading edge of the curve.

source: ccn.com / futureblock.io