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AR SR13
Resolution
Status
4/11/2024
Primary Sponsor
Bryan King
Click for details
AI Summary
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Repeals Arkansas Code § 14-1-604(e), which exempted persons engaged in home digital asset mining or operating a digital asset mining businesses from being considered money transmitters under the Uniform Money Services Act.
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Amends Arkansas Code § 23-55-102(13)(A) to add home digital asset mining and digital asset mining businesses under the Arkansas Data Centers Act of 2023 as an exclusion to the definition of "money transmission."
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Requires persons engaged in home digital asset mining or operating a digital asset mining business under the Arkansas Data Centers Act of 2023 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
Sine Die adjournment
5/10/2024