Arkansas presenterar ett lagförslag för att skydda Bitcoin Mining
- Lagförslaget syftar till att skydda bitcoin-gruvarbetare och ge klarhet i regleringen av digitala tillgångar.
- Arkansas är fokuserat på att skydda gruvarbetare från diskriminerande priser som erbjuds av energibolag.
The Arkansas State House has approved a räkningen to control the state’s Bitcoin mining industry. The bill, which has already been approved by the State Senate, will now wait to be endorsed by the governor. The Arkansas Data Centers Act of 2023 aims to stop unethical business activities by establishing regulations for bitcoin miners.
The bill suggests that a Bitcoin mining company can operate in Arkansas if it abides by all applicable state laws, including those governing business regulations and tax laws, operational and safety ordinances, utility service rules and rates set by or on behalf of public entities, and employment laws at both the state and federal levels.
The law also suggests that miners be obligated to operate in a way that does not put a strain on an electric public utility’s generation capacity or transmission network and to pay all necessary taxes and government fees in approved forms of currency. Additionally, the measure permits individuals to run home Bitcoin mining operations in accordance with appropriate utility rules and fees.
Syftet med lagförslaget är att erkänna att datacenter gynnar lokalsamhällen och staten ekonomiskt genom att generera jobb, betala skatter och andra tjänster. Den definierar de regler som krävs för att skydda Bitcoin-gruvarbetare från orättvisa branschspecifika skatter och restriktioner.
The proposed legislation defines different vital terminologies, including “digital asset,” which refers to Bitcoin and other cryptocurrencies. Additionally, it defines “digital asset miner” as a person who hunts for digital assets and “digital asset mining” as the process of running a computer on electricity in order to secure or validate a blockchain network.
The bill describes a “node” as a computing system that incorporates blockchain distributed ledger technology. The term “residence” is used in the bill to refer to a permanent home, apartment, etc. Interestingly, Arkansas’ “Right to Mine” bill was approved by Missouri earlier this month with a resounding 12-0 vote.
Additionally, Montana signed a similar protection on Bitcoin mining earlier this year. Texas also passed a similar. These legislative actions are unquestionably a good move given the uncertain regulatory landscape in the US.