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 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.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, except remove references to "digital asset mining," "digital asset mining as a service," "digital asset mining business," and "home digital asset mining"; delete section 3 relating to local zoning prohibitions.

Statutes affected:
Introduced: 292.340
House Committee Substitute 1: 292.340
Current: 292.340