Arkansas is drafting regulations to govern cryptocurrency mining farms, focusing on noise pollution, foreign ownership, and energy consumption.
Arkansas introduces regulations limiting foreign ownership in crypto mining to enhance security and control the influence on energy infrastructure.
U.S. residents are protesting noisy cryptocurrency mines, with noise levels akin to industrial machinery. Complaints have risen by 35%. In Texas, residents petition against a new mining farm, and Arkansas enforces nighttime restrictions. Medical visits due to noise-induced issues have also increased.
A Chinese crypto mining company, Newrays One LLC, is suing Faulkner County, Arkansas, alleging discrimination over a noise ordinance it claims targets their operations. The company, with a $10 million mining farm, cites anti-Chinese sentiments. Residents and officials argue the ordinance protects public welfare.
Evolve Bank & Trust faces a cease and desist order from the Federal Reserve and Arkansas State Bank Department over compliance breaches, notably in anti-money laundering and consumer protection, especially regarding fintech and crypto dealings.
This article covers legislative threats to cryptocurrency mining with new bills introduced in Iran and Arkansas aiming to tightly regulate or restrict the practice due to concerns over energy consumption and environmental impacts.
Arkansas lawmakers have passed two bills aimed at managing environmental and energy concerns arising from crypto mining activities. These regulations may affect the operations of Bitcoin and other cryptocurrencies within the state.
Arkansas lawmakers passed two bills to tighten regulations on the crypto mining industry, amidst ongoing scrutiny from the US government and real-time crypto space backlash.
Arkansas Governor Sarah Huckabee Sanders is anticipated to approve bills targeting cryptocurrency miners, focusing on noise control, water resource management, and licensing requirements.
The Arkansas State House has passed two bills potentially limiting cryptocurrency mining, with six others not advancing.
Arkansas State Assembly approves proposals to regulate cryptocurrency mining, potentially affecting future mining operations and environmental impacts.
