Arizona Blockchain Legislation Status

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Arizona Blockchain Legislation

Arizona Cryptocurrency Laws
Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology

Arizona HB 2747
Signed by governor 5/31/19, Chapter 263
Appropriates $2.5 million from the state web portal fund established by §18-421, Arizona Revised Statutes, in the fiscal year 2019-2020 to the Arizona commerce authority to distribute to applied research centers and institutes located in this state that specialize in blockchain, wearable technology, and automated mobility.

Blockchain Information & Resources:

See More Information on Blockchain

Digital Currency

Virtual and cryptocurrencies are built on blockchain technology—a technological innovation that allows for a distributed, decentralized digital ledger generally built upon cryptographic mechanisms and complex consensus protocols. From a legal perspective, many of the tax, regulatory, and other legal issues associated with blockchain technology and cryptocurrency require an understanding of this underlying technology.

Cryptocurrencies involve unique tax considerations. Businesses and individuals need up-to-date guidance and insight regarding the tax law and its impact on virtual currency activities at the state, federal, and international levels. Freeman Law is positioned to advise clients on the latest cryptocurrency tax strategies and thinking.

Is cryptocurrency legal in Arizona?

Have Cryptocurrency or Blockchain issues or questions?
Freeman Law is dedicated to staying at the forefront as these emerging technologies continue to revolutionize social and economic activities. Contact us to schedule a consultation, or call (214) 984-3410 to discuss your cryptocurrency and blockchain technology concerns.

Blockchain, Cryptocurrency, and Digital Asset Law