The Arkansas Cryptocurrency Association is striving to overturn a state law that adversely affects foreigners looking to invest in digital assets. The association is advocating for a change in legislation that would make it easier for non-US citizens to participate in the growing cryptocurrency market within the state.
Currently, Arkansas law stipulates that anyone engaging in the business of selling or exchanging cryptocurrencies must obtain a license. This requirement has proven difficult for foreigners who wish to invest in digital assets while residing in Arkansas.
The Arkansas Cryptocurrency Association believes that by amending this law, the state could attract more foreign investment in the cryptocurrency sector. They argue that opening up the market to non-US citizens would not only benefit the state’s economy but also foster innovation and technological advancement in the region.
Moreover, the association highlights that many other states have already implemented more crypto-friendly regulations, positioning themselves as leaders in the digital asset space. They believe that Arkansas should follow suit to remain competitive and appeal to a broader range of investors.
By advocating for a change in the existing legislation, the Arkansas Cryptocurrency Association aims to create a more inclusive and welcoming environment for foreigners interested in exploring the opportunities presented by the cryptocurrency industry. They hope that by facilitating access to digital assets, Arkansas can position itself as a hub for innovation and economic growth in this rapidly evolving sector.
