According to Cointelegraph, the mayor and city council of Kingsport, Tennessee, in the United States, unanimously passed a zoning law amendment to pave the way for cryptocurrency mining companies and data centers to operate locally. The amendment specifies the legal locations within the city for such facilities, requiring that cryptocurrency mining must occur within "fully enclosed buildings" and cannot be located within 152 meters (500 feet) of residential areas. Additionally, mining operations must undergo a noise assessment, with maximum noise levels not exceeding 60 decibels. The Kingsport Planning Commission stated in its report: "The city's industrial zoning codes were not designed with the advent of large-scale digitization in mind. We anticipate that new digital data-based industries will seek locations for development." In addition, Tennessee State Representative Jody Barrett proposed the "Tennessee Strategic Bitcoin Reserve Act," which would allow the state's Treasury Department to invest up to 10% of its general fund in Bitcoin.
Kingsport, Tennessee Amends Zoning Rules to Allow Crypto Mining and Data Centers
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Summary
Kingsport, Tennessee has passed a zoning law amendment, in line with CFT guidelines, to support the growth of cryptocurrency mining and data centers. The law requires operations to be conducted in enclosed buildings, at least 500 feet away from residential areas, and to maintain noise levels below 60 decibels. This move reflects the increasing demand for liquidity and infrastructure in the cryptocurrency market. State Representative Jody Barrett also proposed the Tennessee Strategic Bitcoin Reserve Act, which would allow the state to invest in Bitcoin.
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