🤠 Texas decided to attract miners and also legalize crypto mining. The governor of the state has signed a law that includes cryptocurrencies in the Uniform Trade Code of Texas. Before this decision, only the state of Wyoming had recognized blockchain and cryptocurrency.
👩🏻💼In fact, this is not surprising since the governor, back in 2014, invited the “bitcoin community” to his election campaign.
“I just signed a law that makes virtual currency a secure transaction under the Texas Unified Commercial Code. The law defines virtual currency, sets when a person is entitled to it and when a person controls it,” Sin Abbott said. The law was passed in May 2021 and already in June, a “master plan” is created to expand and update the blockchain industry.
💵The governor did not stop there and decided, together with crypto-banking firm Coin Cloud, to install ATMs for cashing cryptocurrency in supermarkets H-E-B in the Houston area.
🤑This will allow people to buy and sell over 30 cryptocurrencies like Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE).
🤩Crypto mining companies are also targeting Texas. Why? The answer is simple: weak regulation of the power grid. Blockcap plans to set up offices in Austin. Riot Blockchain wants to acquire a data processing facility east of the capital with a cost of about $ 650 million.
So miners, are you ready to move to Texas?😏