Bill on meeting taxes by cryptocurrencies

cryptocurrencies

The new bill which will entitle people to meet their tax liabilities by using bitcoin and other cryptocurrencies was submitted to the Arizona Senate. The bill detailed, “The Department will convert cryptocurrency payments to United States dollars at the prevailing rate within twenty-four hours after receipt and shall credit the taxpayer’s account with the converted dollar amount”.

 

Leave a Reply

Your email address will not be published. Required fields are marked *