Summary of news from the crypto world, to be aware of the most current information.
The state of Arkansas has passed new legislation focused on protecting Bitcoin and other cryptos’ mining as a fundamental right within the state. This and the other two pieces of news are the latest information to take into account.
Arkansas Governor Passes “Right to Mine Bitcoin” Bill
Sarah Huckabee Sanders, Governor of the state of Arkansas, has signed the “Right to Mine Bitcoin” law. The Governor’s signing of Bill No. 1,799 legalizes the mining of Bitcoin and other cryptocurrencies in the state of Arkansas.
The bill in question, which protects cryptocurrency mining as a fundamental right of citizens and businesses, had been approved earlier this month by the Arkansas House of Representatives and Senate. It was introduced by the nonprofit Satoshi Action Fund, which is also pushing for legal adoption of cryptocurrency mining in other US states, such as Montana.
The legislation recognizes the economic value of data centers, noting that they “create jobs, pay taxes and provide overall economic value to local communities.”
“Data centers, digital currency, and Blockchain technology are legal in all fifty (50) states, and guidance is needed for the future growth of the industry in Arkansas to protect Arkansans from fraudulent business practices,” the document reads.
Russia Bets on Cross-Border Payments in Cryptocurrencies
The Russian government is drawing up a plan to use cryptocurrencies for cross-border payments. Russia wants to experience the potential of cryptocurrencies in international payments, according to the president of the Central Bank of Russia, Elvira Nabiullina. For this, the entity is developing a regulation that will allow it to experimentally test crypto assets in the settlement of external commercial agreements.
Although the Central Bank of Russia does not rule out the possibility of banning cryptocurrencies within the territory, the entity also recognizes that there is great potential in these digital assets, which work within global systems, to overcome the economic blockade imposed by other governments such as that of the US against the country.
In addition to testing cryptocurrencies in international payments, the Russian Federation is also working on the creation of organizations and special zones for cryptocurrency mining, an activity that has grown significantly in 2023, placing Russia as the second country with the highest capacity. energy for Bitcoin mining.
SatoshiLabs Integrates CoinJoin in its Hardware Wallets
The privacy feature for Bitcoin transactions, CoinJoin, is available in Trezor hardware wallets. Czech Republic-based cryptocurrency cold wallet maker SatoshiLabs has integrated the Bitcoin privacy feature CoinJoin into its Trezor Model T.
On Wednesday, the makers of Trezor announced a collaboration with Wasabi Wallet to integrate the new feature. At the moment, CoinJoin is available in the Trezor Model T wallet while awaiting its arrival in the Trezor Model One, the first hardware wallet from this manufacturer planned for the coming weeks.
Activating CoinJoin in Trezor is optional and can be triggered when making a Bitcoin transfer from the wallet, explained Josef Tetek, Trezor Bitcoin analyst.
With this integration, SatoshiLabs claims to have become the first hardware wallet manufacturer to make it easy for its users to use this crypto mixer. Whether or not this is true in the coming weeks remains to be seen.
By Audy Castaneda
