Bill > SB1507

This bill creates new provisions relating to digital assets in Missouri. It defines key terms such as "blockchain", "digital asset", and "digital asset mining", and establishes certain protections and regulations around the use of digital assets. Specifically, the bill prohibits the state from restricting individuals from using digital assets to purchase goods or services or from self-custodying their digital assets using a wallet. It also exempts digital assets used as payment from certain taxes and charges, allows for home digital asset mining and commercial digital asset mining businesses, and clarifies that certain digital asset-related activities do not require a money transmitter license. The bill aims to establish a supportive regulatory environment for the development and use of digital assets in Missouri.