Arizona has introduced a bill to adopt Bitcoin as legal tender

Title 1, Arizona Revised Statutes, is amended by adding chapter 9, to read: "LEGAL TENDER" "Bitcoin" means the decentralized, peer-to-peer digital currency in which a record of transactions is

Highlights

• Title 1, Arizona Revised Statutes, is amended by adding chapter 9 to read: “Bitcoin” and “Specie” “Bitcoin,” the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain, is a digital currency that operates independently of a central bank.
• The state’s legal tender consists of all of the following: any medium of exchange that is authorized by the United States constitution or congress for the payment of debts, public charges, taxes and dues.
• The state of Arizona is authorized to make legal tender in this state for debts and public charges.
• The U.S.
• Constitution or Congress requires the state to provide legal tender.

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