Arkansas Passes Cryptocurrency Mining Rights Bill

The U.S. state of Arkansas has passed a bill aimed at protecting local cryptocurrency mining rights.

The bill passed the House and Senate on April 6, was registered on April 7 and sent to the governor’s office for approval, state legislative records show.

The bill, called the Arkansas Data Center Act of 2023, seeks to prevent local governments from imposing certain restrictions on cryptocurrency mining activities.

The law stipulates that local governments should not create laws that specifically apply to cryptocurrency mining activities, such as targeted anti-noise laws, zoning laws, and business laws. The law also provides that mining companies can appeal zoning changes.

Additionally, the bill says Arkansas utility providers should not impose “unreasonably discriminatory rates” on cryptocurrency mining customers.

Two other U.S. states — Missouri and Montana — have passed similar cryptocurrency mining protection laws. Other jurisdictions, often below the state level, impose restrictions on mining.


According to Cryptoslate

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