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Committee holds over blockchain/mining bill pending technical fixes on finance and zoning language
Summary
Discussion of House Bill 1239, which addresses protections for digital-asset mining and exemptions from money-transmitter licensing, was continued so drafters can resolve Department of Financial Institutions concerns and local zoning/noise issues.
House Bill 1239 — a measure concerning blockchain technology and digital-asset (proof-of-work) mining, including an initial exemption from money-transmitter licensing — was held over by the committee while sponsors and regulatory staff work through technical language.
Department of Financial Institutions staff said an original draft would have changed definitions in the money-transmitter statute in a way that could have…
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