Ebon International was to invest $50 million in a 250MW mining facility under the promise that the Kentucky Power Company would offer subsidies for the next ten years.
A local environmental group criticized the discounts and urged the state to reconsider, saying Kentuckians will be left stuck with the bill for the BTC miners.
Celsius Network claimed that the freeze was in the interest of its customers, but regulators in Texas, Kentucky, New Jersey, and even the Securities and Exchange Commission are not taking their word.
The Flamingo Casino Club has claimed to be linked to a Vegas casino falsely, lied about donating to Ukraine victims, and hid its previous ties to Russia, authorities said.
Kentucky has joined New Jersey, Alabama and Texas in booting out digital currency lender Celsius Network, issuing a cease-and-desist order against the firm.
Kentucky's Department of Financial Institutions has issued a cease and desist order to BlockFi over its BlockFi Interest Accounts.
Kentucky Governor Andy Beshear has signed a pair of legislative bills that enable block reward miners to take advantage of tax breaks in the energy-rich Commonwealth.
The U.S. state will issue tax and energy incentives to the miners in a move they hope will create jobs and spur economic growth.
The bill, submitted to the Kentucky state Senate in early March, would work by amending the Energy Independence Act, which has been in force in the state since 2007.