Protect Your Crypto: Oklahoma Passes Bill to Safeguard Digital Asset Owners' Rights

IconCNT15 May, 2024

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Protect Your Crypto: Oklahoma Passes Bill to Safeguard Digital Asset Owners' Rights

In a move to safeguard digital asset owners, Oklahoma Governor Kevin Stitt has signed the 'Digital Asset Protection Act' into law. Effective November 1, 2023, the legislation aims to empower individuals and businesses by: - Protecting the Right to Self-Custody: Ensuring individuals can securely store and manage their cryptocurrencies without fear of excessive taxation. - Recognizing Bitcoin Mining as a Legitimate Business: Supporting individuals and enterprises engaged in Bitcoin mining. This law recognizes the evolving landscape of digital assets, ensuring that Oklahoma remains at the forefront of protecting its residents' rights in this emerging field. Previously on May 13, 2023, Oklahoma Governor Kevin Stitt signed the 'Digital Asset Protection Act' into law, safeguarding the rights of digital asset owners.

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