Arizona Governor Signs Blockchain Bill Into Law

A bill in Arizona that recognizes blockchain signatures and smart contracts has officially become state law.

Mar 31, 2017 at 3:08 p.m. UTC
Updated Sep 11, 2021 at 1:12 p.m. UTC

A bill in Arizona that recognizes blockchain signatures and smart contracts has officially become state law.

The measure was first introduced in early February, seeking to enshrine signatures recorded on a blockchain and smart contracts – self-executing pieces of code – under state law. Specifically, the bill aimed to make those types of records "considered to be in an electronic format and to be an electronic record".

That effort is complete, public records show. Arizona Governor Doug Ducey signed the bill on 29th March, just two days after it was sent by the state's Senate. Senators cleared the bill on the 23rd by a near-unanimous vote, after Arizona’s House of Representatives advanced the bill in late February.

As previously reported by CoinDesk, the new law focuses on any "record or contract" tied to the tech.

The text states:

"A signature that is secured through blockchain technology is considered to be in electronic form and to be an electronic signature ... A record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record."

The law mirrors, in some respects, a measure passed in Vermont last year that would make blockchain data admissible in court. Like the Arizona law, the Vermont bill focused specifically on data that would be a "fact or record" tied to a blockchain.

Arizona State House image via Shutterstock

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Thoughts From Davos

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitso, primer unicornio cripto de América Latina, despide a 80 empleados

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

CoinDesk - Unknown