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Excerpt from beincrypto.com
Oklahoma Governor J. Kevin Stitt signed into law HB3594, which allows for the self-custody of Bitcoin by its citizens, fostering an inclusive financial environment.
HB3594 was signed into law by the governor on 13 May, putting Oklahoma at the forefront of the US effort to regulate the cryptocurrency industry.
The new law stipulates that Oklahoma will not ban crypto payments or create industry taxes or fees. However, it will authorize certain digital asset mining and mining-related businesses.
HB3594 will offer crypto users benefits like self-custody via a wallet and purchasing goods or services. Cryptocurrencies will also function as payment methods. Meanwhile, crypto mining will only be allowed if it complies with local requirements.
“It shall be legal in the State of Oklahoma to operate a node for the purpose of connecting to a blockchain protocol or a protocol built on top of a blockchain protocol and transferring digital assets on a blockchain protocol or to participate in staking on a blockchain protocol”, the document notes.