Arkansas passes Bitcoin mining regulation bill

Arkansas has become the latest state in the United States to pass a bill seeking to regulate Bitcoin mining activity within its borders. The bill was named as Arkansas Data Centers Act of 2023, and will now shift to the governor's office for final approval. If passed, the legislation would create guidelines for miners and protect them from discriminatory regulations and taxes. The bill was introduced by Senator Joshua Bryant on March 30 and quickly passed by Arkansas' state legislators. One of the key provisions of the bill is that digital asset miners must pay applicable taxes and government fees in acceptable forms of currency.

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