Recently, the Kingsport City Council in Tennessee passed a resolution for provisional approval of zoning ordinances that permit cryptocurrency mining companies and data center operators to conduct business within the city. This decision symbolizes a shift in the attitude of US local governments toward the crypto asset-related industry.
City Council Decides to Provisionally Approve Zoning Ordinance
According to NS3.AI, the approved zoning ordinance will make it institutionally possible to establish mining infrastructure and data centers within Kingsport. However, this provisional approval is not the final step; a subsequent full vote is required for the ordinance to be fully enacted. This process involves coordination with the local community and detailed regulatory planning.
Next Steps Toward Full Implementation
The Kingsport City Council plans to hold a final vote in the near future. This series of developments demonstrates an increasing recognition of the cryptocurrency mining industry by US local governments and is expected to open opportunities for investment attraction and infrastructure development within Tennessee.
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Tennessee's Kingsport City Council Approves Preliminary Authorization for Cryptocurrency Mining Company Expansion
Recently, the Kingsport City Council in Tennessee passed a resolution for provisional approval of zoning ordinances that permit cryptocurrency mining companies and data center operators to conduct business within the city. This decision symbolizes a shift in the attitude of US local governments toward the crypto asset-related industry.
City Council Decides to Provisionally Approve Zoning Ordinance
According to NS3.AI, the approved zoning ordinance will make it institutionally possible to establish mining infrastructure and data centers within Kingsport. However, this provisional approval is not the final step; a subsequent full vote is required for the ordinance to be fully enacted. This process involves coordination with the local community and detailed regulatory planning.
Next Steps Toward Full Implementation
The Kingsport City Council plans to hold a final vote in the near future. This series of developments demonstrates an increasing recognition of the cryptocurrency mining industry by US local governments and is expected to open opportunities for investment attraction and infrastructure development within Tennessee.