25RS HB 701

Actions

Last Action	02/19/25: to Committee on Committees (H)
Title	AN ACT relating to blockchain digital assets.
Bill Documents	Introduced
Bill Request Number	329
Sponsors	A. Bowling, T. Roberts
Summary of Original Version	Create new sections of KRS Chapter 369 to define terms relating to blockchain technology; allow individuals to use digital assets and self-hosted wallets; prohibit local zoning changes that discriminate against against a digital asset mining business; provide guidelines for operation of a node; amend KRS 286.11-007 to exclude home digital asset mining, digital asset mining business, and the operation of a node from money transmitter license requirements; amend KRS 292.340 to provide that digital asset mining or staking as a service shall not be deemed to be offering or selling a security.
Index Headings of Original Version	Planning and Zoning - Digital mining businesses, local ordinances, zoning Taxation, Income--Corporate - Digital asset mining business, node operations, staking Taxation, Income--Individual - Digital asset mining, node operations, staking Information Technology - Digital asset mining business, node operations, staking Technology - Digital asset mining businesses, node operations, requirements Technology - Digital mining businesses, local ordinances, zoning Energy - Digital asset mining businesses, node operations, requirements Land Use - Digital mining businesses, local ordinances, zoning Local Government - Digital mining businesses, local ordinances, zoning