Bill > SB1050

This bill creates the "Blockchain Basics Act" in Missouri, which establishes new provisions related to digital mining. The key provisions include: prohibiting the state or local governments from restricting the use of digital assets for purchasing goods and services or self-custody using a digital wallet; exempting digital asset transactions from capital gains tax up to $200 per transaction; allowing individuals to participate in home digital asset mining and digital asset mining businesses to operate in industrial areas; prohibiting discriminatory rates or zoning changes aimed at digital asset mining; and clarifying that node operators and digital asset mining/staking service providers are not money transmitters or offering investment contracts.