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AR HR1018
Resolution
Status
5/9/2024
Primary Sponsor
Josh Miller
Click for details
AI Summary
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Repeals Arkansas Code § 14-1-604(e) exemption that previously allowed persons engaged in home digital asset mining or digital asset mining businesses to avoid classification as money transmitters under the Uniform Money Services Act.
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Amends Arkansas Code § 23-55-102(13)(A) to add digital asset mining activities under the Arkansas Data Centers Act of 2023 as an exclusion from the definition of "money transmission."
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Requires persons engaged in home digital asset mining or operating digital asset mining businesses as of the effective date to apply for licensure under the Uniform Money Services Act on or before September 1, 2024.
Legislative Description
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023; And To Amend The Uniform Money Services Act.
Last Action
Died in the House at Sine Die Adjournment
5/9/2024