Arizona Governor Vivators for encryption bills, targeting Bitcoin ATMs

Main notes

• Arizona Governor of the State of Cassing for Bills for the Reserve Fund for encryption and use of taxes for taxes.
• Bitcoin ATMs are approved with strict regulations and consumer guarantee.
• The operators must view warnings, and the boundaries of transactions are set for new and regular users.

Katie Hobbes, Arizona Governor, rejected two projects for digital assets that would have enabled the state to engage more with encrypted currencies. Meanwhile, Hobbs agreed to a policy aimed at organizing the creation of Bitcoin ATMs in the state.

On May 12, the ruler objected to the Senate Law 1373, which suggested the establishment of a strategic reserve fund for digital assets. The purpose of this initiative was to allow Arizona to keep the cryptocurrency obtained through the confiscation of assets or appointed by legislators.

in Her messageHobbes note that with the “current fluctuations in cryptocurrency markets”, it is not wise to use “dollars in public funds” to buy encryption assets. She added, “The legislation of this session has already occurred, which allows the state to use the cryptocurrency without endangering the dollar of public funds.”

This is not the first time that the governor of Arizona state has transferred the cryptocurrency bill. On May 3, Hobbes Rejection of the Senate Bill 1025It is seen as “the strategic bitcoin reserve law in Arizona.” The Cassation Bill wanted to allow the Ministry of State to use up to 10 % of their property in encryption assets, including bitcoin. The governor of Arizona also rejected Senate Bill 1024. The bill would have allowed agencies to collect taxes, fees and fines using encryption assets.

Recently, the Minister of Treasury in the United Kingdom Reject From creating national digital assets reserves. They indicated that it would be better to organize the use of encryption in the country.

ATM Bitcoin approval

Not all coexiac legislation faced rejection. On May 12, the governor of Arizona signed a draft law of the House of Representatives 2387 in the law, a procedure that provides new regulations to protect the consumer for digital assets. The aim of this bill is to fight fraud and provide more transparency.

Under the invoice, operators must display warnings about potential fraud in multiple languages, and customers must admit that they understand these warnings before completing their transactions.

The new regulations also impose the limits of transactions for Bitcoin ATMs, which defines daily transactions at $ 2000 for new users and $ 10,500 for long -term customers. The operators are also required to display the connection numbers on their ATMs to support customers.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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