Arizona Senator Introduces Legislation to Recognize Bitcoin as Legal Tender

by Crypto Drive

Senator Wendy Rogers in the State of Arizona has presented several bills related to cryptocurrency, one of which aims to establish bitcoin as a legally recognized form of payment within the state.

The proposed legislation defines the cryptocurrency 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.”

Another bill that is proposed will allow state agencies to enter “into an agreement with a cryptocurrency issuer to provide a method to accept cryptocurrency as a payment method of fines, civil penalties or other penalties, rent, rates, taxes, fees, charges, revenue, financial obligations, and special assessments to pay any amount due to that agency or this state.”

The proposed bills are co-sponsored by her state senate Republican colleagues Jeff Weninger and J.D. Mesnard.

Last year Rogers introduced a similar bill to make bitcoin legal tender in Arizona but it was not formally enacted.  The senator being a cryptocurrency advocate posted in her Twitter – “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom.”

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