Description

Introduced Act on blockchain and digital assets mining (HB 3594)

On 19 February 2024, the Act addressing blockchain and digital asset mining (HB 3594) was introduced in the House of Representatives. The Act aims to safeguard digital asset usage in Oklahoma by preventing government restrictions on their legal purchases or self-custody. Furthermore, the Act will permit home digital asset mining in residential zones, adhering to local noise ordinances. Industrial zone businesses engaged in digital asset mining will be able to operate without specific noise restrictions beyond existing regulations.

Original source

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2024-02-19
under deliberation

On 19 February 2024, the Act addressing blockchain and digital asset mining (HB 3594) was introduce…

2024-05-07
adopted

On 7 May 2024, an Act addressing blockchain and digital asset mining (HB 3594) was adopted by the H…

2024-05-13
adopted

On 13 May 2024, the Act addressing blockchain and digital asset mining (HB 3594) was signed into la…

2024-11-01
in force

On 1 November 2024, the Act addressing blockchain and digital asset mining (HB 3594) enters into fo…