Bill > SB11

This bill amends the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act to change how digital asset mining businesses are regulated. Specifically, the bill repeals the previous exemption that allowed individuals engaged in home digital asset mining or operating a digital asset mining business to avoid being classified as a money transmitter. Instead, the bill now defines engaging in home digital asset mining or operating a digital asset mining business under the Arkansas Data Centers Act as a form of money transmission. Additionally, the bill requires that individuals or businesses currently involved in home digital asset mining or operating a digital asset mining business must apply for a license under the Uniform Money Services Act by September 1, 2026. This change effectively brings digital asset mining operations under more formal regulatory oversight, requiring them to obtain proper licensing and potentially subjecting them to additional state financial regulations.

Business and Industry

https://www.arkleg.state.ar.us/Bills/Detail?id=sb11&ddBienniumSession=2025%2F2025R