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Jan 26, 2023

Arizona senator pushes to recognize Bitcoin as legal tender

Posted by in categories: bitcoin, business, finance, law

Stanislav Palamar/iStock.

If the proposed legislation is successful, Arizona will become the first state in the United States to officially recognize Bitcoin as a legal currency. This would have significant implications for the use and acceptance of bitcoin within the state. Not only would individuals and businesses be able to use bitcoin to pay debts, taxes, and other financial obligations, but state agencies would also be able to accept it as payment.

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