TUCSON, Ariz. (KGUN) — Senator Wendy Rogers, a Republican, has launched a brand new Senate Invoice which might make Bitcoin a authorized tender throughout the Grand Canyon State.
S.B. 1127 State businesses; funds; cryptocurrency might permit state businesses to simply accept cryptocurrencies as a cost methodology of fines, civil and different penalties, hire, charges, taxes, charges, expenses, income, monetary obligations, and “particular assessments” because of the state.
The invoice defines cryptocurrencies as:
1. “CRYPTOCURRENCY” MEANS ANY FORM OF DIGITAL CURRENCY IN WHICH
ENCRYPTION TECHNIQUES ARE USED TO REGULATE THE GENERATION OF UNITS OF
CURRENCY AND VERIFY THE TRANSFER OF MONIES, OPERATING INDEPENDENTLY OF A
CENTRAL BANK, INCLUDING BITCOIN, ETHEREUM, LITECOIN AND BITCOIN CASH.
2. “CRYPTOCURRENCY ISSUER” MEANS AN ISSUER OF ANY FORM OF
CRYPTOCURRENCY, INCLUDING BITCOIN, ETHEREUM, LITECOIN AND BITCOIN CASH.
If handed, S.B. 1127 would take impact from and after Saturday, December 31.
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