One of the 50 states of the United States may legalize Bitcoin in order to allow its citizens to pay for taxes. Another draft law regulating ICOs has also been scheduled for the next weeks. The intention is to allow cryptocurrencies to freely spread in the state.
The Arizona legislature will have to analyse different bills that are circulating in the corridors of the governmental building. Two bills known as SB1091 and SB1145 propose citizens to pay their taxes using cryptocurrencies. One of them has already passed the Senate Finance Committee in January.
But the intention is to also give a legal framework to Initial Coin offerings (ICOs). ICOs have been increasing during 2017 and raised almost $4 billion dollars. This crowdfunding option has been severely prohibited in China or South Korea.
Representative Jeff Weninger said during an interview that he believes that cryptocurrencies will change the world in 5 to 10 years. Additionally, he stated that Arizona will be the place for blockchain technology and cryptocurrencies to spread.
more info here:
https://usethebitcoin.com/arizona-proposed-two-bills-allow-people-pay-taxes-cryptocurrency/