Despite none of the bills being fully approved yet, they are projected to be passed within the next few months.
In their discussions, the senators also debated concerns surrounding the use of foreign software in mining activities, the ownership of mining firms by individuals from different states, and the placement of mining farms near residential areas.
The conversations between the senators primarily revolved around amendments to the 2023 “Data Processing Centers” law, which aims to regulate the operations of cryptocurrency mining companies in the region.
The existing legislation established guidelines to protect miners from discrimination and excessive taxes, while recognizing the crucial economic role played by data centers. The new bills aim to impose tighter controls on companies involved in cryptocurrency extraction.
Previously, Matteo Greco, an analyst at Fineqia International, expressed optimism about the environmental benefits of Bitcoin halving on mining practices.