Oklahoma Passes Bill Creating a Legal Framework for Digital Assets
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16 May

Oklahoma Governor Kevin Stitt has signed into law a new law that establishes a broad legal framework for blockchain technology and digital assets.

The legislation specifically prohibits the Oklahoma government from imposing restrictions on the use of digital assets for legal transactions or self-custody.

It also stipulates digital assets used as payment methods will not incur additional taxes or fees compared to other payment methods.

The bill also legitimizes domestic mining of digital assets in residential areas, provided that local noise ordinances are respected.

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In addition, it allows companies mining digital assets in industrial zones to operate without specific noise restrictions beyond those already in place.

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