The Arizona House of Representatives votes that taxes can be paid in cryptocurrency

A key committee in Arizona’s House of Representatives has given its blessing to a bill that would clear the way for the state to accept cryptocurrencies as payment for taxes.

The House Rules Committee voted to approve the measure, it now proceeds to the full House for a vote.

If approved, the bill would empower the Arizona Department of Revenue to collect taxes in the form of cryptocurrency – and make the state the first in the U.S. to officially accept a cryptocurrency as payment.

 

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