Arkansas State House, comprising the Senate and House of Representatives, has passed a bill to protect Bitcoin mining in the state and has sent the bill to the governor.

The Arkansas Data Centers Act of 2023 seeks to clarify regulations of digital mining in the state. Sponsored by Rep Rick McClure and Senator Joshua Bryant, the bill originated in the House and was first read on March 30, 2023.

Since then, the bill has gone through multiple readings and committee stages in the House and Senate and was slightly amended. It is now waiting for the governor’s assets.

Arkansas’ Bitcoin Mining Bill

According to the bill, Bitcoin mining operations must comply with state laws on tax and business guidelines to operate in the state. If passed, miners will be free to mine Bitcoin in Arkansas as long as they don’t cause stress on the electrical grid.

Individuals can also operate home Bitcoin mining and pay the appropriate utility rates.

CEO and Co-founder of the non-profit organization, Satoshi Action Fund, Dennis Porter, commented on the move from Arkansas, saying in a Tweet:

The state of Arkansas has pulled off a surprise victory and become the first in the nation to pass the ‘Right to Mine’ #Bitcoin bill in both the House and Senate.

Porter added that he hopes to join the Governor of Arkansas, Sarah Huckabee Sanders, for the signing ceremony.

The bill recognizes that data centers have economic value as they create jobs and pay taxes. Thus, guidelines are in place to prevent Bitcoin miners from discriminatory taxes and regulations.

This means that local governments cannot create reg

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Author: Oluwapelumi Adejumo

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