Kentucky House of Representatives approved tax bill for crypto miners

According to CoinDesk, members of the Kentucky House of Representatives have passed a bill that would allow the state to promote the cryptocurrency mining industry. The House Finance Group has approved Proposal 230 to avoid buying electricity for cryptocurrency mining from venture capitalists, according to a report in the Lexington Herald on Tuesday. The bill is currently before the Senate for consideration, and together with Senate Bill 255, the Senate is reducing taxes on the cryptocurrency mining industry. Kentucky maintains the General Appropriations Act, which is a general measure of spending in the area of ​​each department of law.