[Translation] Arizona proposes a bill to accept cryptocurrency for tax payments

Around the beginning of February, since tax filing is in full swing, I translated it into English.

Arizona Offers Bill to Accept Tax Payments in Cryptocurrency

Arizona recently passed a bill that would allow taxes, interest, and penalties to be paid using cryptocurrency.

The bill submitted this time is currently under review by the state's House and the governor, and if approved, taxes paid in cryptocurrency would be deposited with the state Treasury. After accepting cryptocurrency as payment, the state would convert that cryptocurrency to fiat currency (US dollars) within 24 hours.

For this cryptocurrency tax bill to become law, it must be approved by the legislature. Furthermore, if the Senate and House adopt different versions of the bill, they must reach mutually acceptable conclusions about exactly what impact the bill would have.