legal tender; cryptocurrency

SB 1062 defines cryptocurrency as legal tender in Arizona, meaning it can be used to pay debts, taxes, and public charges. The bill amends Arizona law to include digital currencies like Bitcoin, Ethereum, and XRP in the definition of "legal tender," alongside traditional forms such as cash and precious metal coins. This change specifically applies to video service providers, who must now pay local government license fees for highway use in legal tender (including cryptocurrency), though they may still use other accepted forms like cash. The bill does not require cryptocurrency use but expands payment options for these fees without mandating its adoption.