US Senator Presents Bill to Make Bitcoin Legal Tender in Arizona
- Advertisement - This would mark the second time Senator Rogers is looking to make Bitcoin legal tender in the state. - Advertisement - Senator Wendy Rogers, a U.S. senator for the state of Arizona, has introduced a bill that seeks to make Bitcoin legal tender in Arizona, the Grand Canyon State. The policy, which would make Bitcoin a legal means of payment for goods and services in the state, will see Arizona follow in the footsteps of countries such as El Salvador and the Central African Republic. The bill describes Bitcoin as “the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the Bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.” If it passes, the bill would mandate the acceptance of Bitcoin as a legal currency for the settlement of debt and exchange for goods and services in Arizona. This would enco...