Oklahoma Senate Takes Progressive Step, Exempts Cryptocurrency Miners from Taxes
CryptoNewsTerminal Staff31 May, 2024
Oklahoma Senate Takes Progressive Step, Exempts Cryptocurrency Miners from Taxes
The Oklahoma Senate recently passed a bill that would exempt Bitcoin and cryptocurrency miners from taxes, a move widely seen as a positive step for the growing industry. The bill now heads to the governor's desk for his signature. If signed into law, Oklahoma would become one of the first states to offer such tax breaks to cryptocurrency miners, suggesting a growing recognition of the industry's potential economic benefits. The bill is seen as a win for the cryptocurrency community and a sign of the industry's growing maturity.
