Foreign Arizona Senator Wendy Rogers launched a bill related to cryptocurrency, mainly including a bill dedicated to turning Bitcoin (BTC) into legal tender in Arizona
In a recent tweet, Rogers quoted information from Goldman Sachs, an investment management company, saying that BTC was the best performing property in the world, and announced that she had released a set of data encryption documents.
One of the proposals focuses on turning BTC into legal tender abroad. Generally, BTC will have the same influence as the US dollar by becoming laws and regulations, and become the exchange medium of the state's recognized debt payment, public charging standards, taxes and membership fees
In 2022, the state senator proposed a similar bill, but failed. Even so, Rogers still tried again to promote the rapid development of BTC in the state. In April 2022, Rogers spoke against the central bank and said that Bitcoin was applicable. She wrote on Twitter:
In addition, Rogers also participated in a bill dedicated to turning cryptocurrency into tax-free policy property. If approved, voters can also decide in 2024 whether to expect the tax exemption policy of tokens that do not represent foreign exchange or US dollars
On September 7, 2021, El Salvador announced that it would use Bitcoin as its legal tender. More than a year later, turning Bitcoin into legal tender in the country proved to be helpful. In 2022, the development of tourism in El Salvador increased, with more than 1.1 million people visiting the country in the first half of the year.
On January 22, Brazil and Argentina announced that they were preparing to establish a currency loan parallel to the Brazilian real and Argentine peso in advance. Regarding this matter, Brian Armstrong, CEO of Coinbase, said that for both parties, the conversion to Bitcoin is likely to be the right "long-term chip".
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Tue, 18 Apr 2023