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Committee advances bill allowing state agencies to accept cryptocurrency for payments and tax remittances
Summary
The Arizona House Commerce Committee voted 6–4 to advance SB 10 24, which permits state agencies to contract with cryptocurrency service providers to accept digital currencies for certain payments and tax remittances; sponsors said agency agreements and third-party gateways limit state risk.
Senators and staff told the House Commerce Committee on March 24 that SB 10 24 would let state agencies enter agreements with cryptocurrency service providers to accept cryptocurrencies as payment for certain amounts due to the state, including tax remittances if the Department of Revenue signs an agreement with a provider.
Sponsor Sen. Wendy Rogers framed the bill as a long-running legislative effort to give taxpayers…
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