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Senator Wendy Rogers of Arizona introduced a bill in the state legislature to make Bitcoin a legal tender in the state of Arizona. It is interesting to see how certain politicians and states are responding to the growing prevalence of cryptocurrencies. If the bill passes, it would go into effect Dec 31, 2022. We will keep an eye out on how this story progresses.
An excerpt from the bill:
"Cryptocurrency" mean any form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of monies, operating independently of a central bank, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Harsharn Singh
Investment Associate | Ember Fund
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