The Senate of Arizona adopted a bill on February 8 to allow residents of the state to pay their taxes. ]

The Senate Bill 1091, which aims to allow cryptocurrencies for the payment of taxes, was introduced on January 10, 2018 and passed by the Senate Finance Committee by a vote of 4-3 on January 24. On February 8, the Senate bill was now sent to the Arizona House of Representatives.

If the bill is passed, Arizona will become the first state in the United States to accept cryptocurrency tax payments by the year 2020, as stated in the public folder. The bill would allow state taxpayers to use " a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, with the help of peer-to-peer electronic systems. "

According to the bill, the Arizona Department of Revenue, upon receipt of crypto payments for" tax and any interest and penalties ", would be obliged to convert cryptocurrency payments into US dollars within 24 hours.

Jeff Weninger, Republican Republican of Arizona, who co-sponsored the bill, said the tax measure aims to turn the state into a center of " blockchain and of digital currency technology in the future ". Referring to the tax bill, Weninger told Fox News this week:

"This is one of a series of bills that sends a signal to everyone in the United States, and perhaps the world, that Arizona will be the place to be for blockchain technology and digital currency in the future. "

In September 2017, Cointelegraph reported that the municipality of Chiasso, Switzerland will allow its residents to pay taxes to Bitcoin from January 2018, following Zug.