
The US state of Virginia has recently introduced legislation aimed at fostering the growth of cryptocurrency mining and blockchain technology within the state. This legislation includes measures such as exempting crypto miners from the requirement to obtain a currency remittance license and prohibiting industrial zones from implementing mining-specific regulations. Additionally, Virginia has proposed a modest annual funding of $17,192 for its new Blockchain and Cryptocurrency Commission for the years 2025 and 2026. The commission's purpose is to study and recommend blockchain technology applications. Meanwhile, other US states like Ohio, South Carolina, and Mississippi have introduced the Blockchain Basics Act, aiming to protect citizens' Bitcoin and cryptocurrency rights at the state level.
NEW: Three more 🇺🇸 US states (Ohio, South Carolina, Mississippi) introduce the Blockchain Basics Act, aiming to protect citizens' #Bitcoin and #cryptocurrency rights at the state level 🙌 https://t.co/Pc3g46oq0G
Virginia proposes $17,192 annual funding for its Blockchain and Cryptocurrency Commission for 2025 and 2026 to study and recommend blockchain technology https://t.co/nIrp1qoAL0
ICYMI: Virginia subcommittee proposes modest $17,192 yearly funding for state’s blockchain and cryptocurrency commission https://t.co/BmvqlwjuWh
