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Arkansas passes right-to-mine bill

by Angela Tan
April 8, 2023
in Crypto Mining
0


The U.S. state of Arkansas has passed a bill that aims to protect the local right to mine cryptocurrency, as seen in state legislature records.

Those records indicate that the bill was passed by the House and Senate on April 6. It was enrolled and sent to the Governor’s office, where it requires approval, on April 7.

The bill, titled The Arkansas Data Centers Act of 2023, aims to prevent local governments from imposing certain restrictions on crypto mining activities.

The law says that local governments should not create laws that apply specifically to crypto mining operations, such as targeted anti-noise laws, zoning laws, and business laws. The law also says that mining firms can appeal zoning changes.

Furthermore, the bill says that Arkansas’ public utility provider should not impose “unreasonably discriminatory rates” on crypto mining customers.

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

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.



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