As more countries move toward accepting bitcoin as legal tender, Senate President Pro Tempore Jake Corman, R-Centre, on May 10 announced plans to create a task force including the state treasurer, representatives of the state’s major public employee pension funds and other financial and policy experts to study how federal policy changes relating to digital currency could benefit Pennsylvania.

According to a statement from Corman’s office, an estimated 2,300 U.S. companies already accept bitcoin as payment, including major companies like Microsoft, Home Depot and Starbucks. El Salvador became the first country to accept bitcoin as legal tender last year, and several other countries have drafted legislation to do the same.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]