It appears that a bill has been put forward in Arizona, a state in the Western United States, to make Bitcoin legal tender within the state.
A note is in circulation that people claim to be a proposed bill in the ongoing session of the Legislature of the State of Arizona. It says “Bitcoin” will be one of the legal tenders in the state of Arizona.
The bill explains, “BITCOIN” means the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the Bitcoin Blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.
This essentially means if the bill gets passed, Bitcoin will become a legal tender in this state. Though this bill is just introduced, it may be considered a huge step for the first cryptocurrency.
El Salvador has already made Bitcoin a legal tender and has become the first country to do so. Last week President Nayib Bukele has announced that the country has purchased 410 bitcoin for $15 million.
Please note that we have not confirmed this news through any officials for Arizona. This piece is based on the conversations going on in the social media space.
BREAKING: Arizona introduces bill to make #Bitcoin legal tender.
— Dennis Porter (@Dennis_Porter_) January 28, 2022