Louisiana is launching a committee to determine whether the state should wade into the world of cryptocurrency, The Daily Advertiser reports.
State Rep. Mark Wright, R-Covington, wrote House Concurrent Resolution 103, which would direct Louisiana’s Cash Management Review Board to set up a committee to research ways the state can use cryptocurrency and blockchain technology to accept payments for taxes or fees.
The House Appropriations Committee heard Wright’s resolution Monday and reported it favorably with no objections. The concurrent resolution will now need to be approved by the full House and the Senate.
“Essentially we’re going to look at things like the state taking payments in cryptocurrency or digital payments,” Wright told the committee. “There’s a lot of things related to this.”
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