Georgia legislators debate cryptomining protections

The House Banks and Banking Committee discuss a bill for cryptomining. (Screenshot of House Committee hearing)

Georgia is second in the country for cryptomines: But not every Georgian is even sure what those are.

“I’m still confused about what we’re mining,” said Rep. Dale Washburn (R-Macon). “I have rock quarries in my district.”

Now, the Georgia legislature is figuring out whether laws should be written to make sure local governments cannot effectively ban digital currency facilities from counties, and whether the businesses should receive tax incentives.