Arkansas HR1011 would authorize a nonappropriation bill to amend the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act.

Arkansas HR1011 would authorize the introduction of a nonappropriation bill to amend the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act. Specifically, it would repeal the exemption for home digital asset miners and digital asset mining businesses from being considered money transmitters under the Uniform Money Services Act. The bill also includes provisions for individuals engaged in home digital asset mining or operating a digital asset mining business to apply for licensure under the Uniform Money Services Act by September 1, 2026.

Arkansas HR1011 would authorize a nonappropriation bill to amend the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act.

Arkansas HR1011 would authorize the introduction of a nonappropriation bill to amend the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act. Specifically, it would repeal the exemption for home digital asset miners and digital asset mining businesses from being considered money transmitters under the Uniform Money Services Act. The bill also includes provisions for individuals engaged in home digital asset mining or operating a digital asset mining business to apply for licensure under the Uniform Money Services Act by September 1, 2026.