California will be the latest state to consider paying for government services in cryptocurrency.
The bill was introduced for consideration this year by Democratic Senator Sidney Kamlager. The document proposes amendments to the state code that would legalize the acceptance of cryptocurrency.
A California legislator has proposed allowing government companies to accept cryptocurrency, along with other forms of currency, as payment for government services provided. The document will change existing regulation and add cryptocurrency to the checklist of acceptable payment methods. The bill's passage would allow candidates running to accept cryptocurrencies for their campaign and marketing campaigns.
Similar initiatives have been launched in Arizona and Wyoming. Legislation passed in late January in Illinois would, among other things, allow the state Department of Revenue to directly accept Bitcoin.
Colorado will accept state taxes and fees in cryptocurrency starting this summer. Tennessee proposed an amendment this month that could allow the state to invest in cryptocurrencies and non-fungible tokens. The state of North Dakota approved the procedure for paying utility bills in Bitcoin last spring.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Bitmain IPO is in doubt
The public offering (IPO) of the largest miner manufacturer Bitmain may not take place, as the Hong Kong financial market regulator, which must approve the IPO, recently raised concerns about the lack of regulatory framework for the blockchain industry.
The new mayor of New York will receive a salary in Bitcoin
New York Mayor-elect Eric Adams wants to make the city “the center of the cryptocurrency industry.”
