SB 1043
state agencies; payments; cryptocurrency
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill allows Arizona state agencies to accept virtual currencies like Bitcoin and Ethereum as payment for fines, fees, and other obligations. Agencies can enter into agreements with virtual currency service providers to facilitate these transactions. The bill also outlines rules for how these payments will be processed, including handling service fees and ensuring the state receives full payment before considering the transaction final. It defines key terms related to virtual currency and references a future federal law regarding stablecoins.
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