Montana governor signs bill in favor of cryptocurrency mining

 Montana Governor Greg Gianforte signed a bill that would prevent most local governments in the state from passing legislation banning cryptocurrency mining.

 According to Montana legislature records, Gianforte signed SB178 into law on May 2, after the bill was passed by both the state House and Senate. The law effectively protects the rights of cryptocurrency miners in the state by amending the existing law, prohibiting electricity price discrimination against miners and disallowing the imposition of taxes on coins. Electronic is used as the payment method.

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 The latest version of the bill suggests that the law was introduced in part as a precautionary measure in response to some proposals in other states, meaning that “digital asset mining is often difficult.” with state and local regulations”. For example, in April, legislators in the Texas State Senate introduced a bill that would limit the incentives for crypto miners to participate in a program intended to compensate them for offloading. on the state grid.