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MT SB178

MT SB178
Generally revise cryptocurrency laws


summary

Introduced
01/16/2023
In Committee
03/14/2023
Crossed Over
02/28/2023
Passed
04/13/2023
Dead
Signed/Enacted/Adopted
05/04/2023

Introduced Session

2023 Regular Session

Bill Summary

Generally revise cryptocurrency laws

AI Summary

This bill generally revises cryptocurrency laws in Montana. It prohibits utility companies from establishing discriminatory electricity rates for digital asset mining businesses or home digital asset mining. The bill also prohibits local governments from enacting ordinances that restrict digital asset mining businesses or home digital asset mining, with exceptions for existing noise ordinances. Additionally, the bill prohibits the state or local governments from imposing additional taxes or charges solely based on the use of digital assets as a payment method. The bill defines "digital assets" to include cryptocurrencies, nonfungible tokens, and other digital-only assets, and classifies them as personal property. The bill aims to provide legal certainty and protect the rights of individuals and businesses to engage in digital asset mining in Montana.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Chapter Number Assigned (on 05/04/2023)

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