Oklahoma signs bill protecting cryptocurrency mining and self-custody
2024-05-15 09:30
Odaily News The U.S. state of Oklahoma has signed a bill, HB 3594, to protect crypto-related rights. The state legislature's website shows that Governor Kevin Stitt approved the bill on May 13 and it will take effect on November 1. Under the new law, the Oklahoma state government cannot prohibit, restrict or impair the use of cryptocurrencies in purchases and rights such as self-custody. In addition, state and local governments cannot impose additional taxes or other fees specifically for cryptocurrencies, legal currency taxes apply, and it is legal to participate in any type of mining in the state to protect local home crypto mining and mining businesses. (CryptoSlate)
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