South Carolina Governor Signs Bill Protecting Bitcoin Miners and Banning CBDC Payments
Cointelegraph
South Carolina Governor Henry McMaster signed Senate Bill 163, protecting Bitcoin miners and banning state agencies from accepting central bank digital currencies.Summary
South Carolina Governor Henry McMaster has signed Senate Bill 163, establishing a crypto-friendly framework that protects Bitcoin miners and bans state agencies from using central bank digital currencies (CBDCs). The legislation prohibits government entities from participating in Federal Reserve-led CBDC trials and safeguards the rights of individuals to use self-custody wallets. Furthermore, the law prevents local governments from imposing discriminatory regulations on mining operations and exempts various blockchain-related activities from restrictive money transmitter licensing requirements.
(Source：Cointelegraph)