Arizona SB1043 allows state agencies to accept cryptocurrency for fines, penalties, taxes, and fees.
Arizona SB1043 amends state statutes to permit state agencies to accept cryptocurrency as payment for fines, civil penalties, taxes, fees, and other financial obligations. The bill requires agencies to enter into agreements with cryptocurrency service providers, who will convert cryptocurrency into legal tender. The taxpayer remains liable for the full amount due until the state agency receives final payment from the service provider.
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- Impact
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