South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners
The crypto-friendly legislation was signed into law on Tuesday, granting protections to crypto users, developers, and Bitcoin miners.
TheNewsCrypto·
On Tuesday, South Carolina’s Governor Henry McMaster signed Senate Bill 163 into law, establishing a framework that is very favorable to cryptocurrency at the state level. The bill reads: “A political subdivision shall not change the zoning of a digital asset mining business without going through the proper notice and
Read full articleThe crypto-friendly legislation was signed into law on Tuesday, granting protections to crypto users, developers, and Bitcoin miners.
South Carolina Gov. Henry McMaster signed S.163 into law this week, enacting one of the most wide-ranging state-level crypto protection bills in the country. South Carolina Lawmakers Back Crypto Bill 110-1, McMaster Signs It Into Law The legislation, formally designated R131 and adding Chapter 47 to Title 34 of the South Carolina Code of Laws, […]
South Carolina legalized stronger protections for Bitcoin self-custody rights. The law blocks discriminatory crypto taxes and restrictive zoning measures. State agencies are banned from using or testing central bank digital currencies. South Carolina Governor Henry McMaster officially signed Senate Bill 163 into law. The new statutory change, people in the industry say, is a real […] The post South Carolina Signs New Bill Protecting Bitcoin Rights appeared first on Live Bitcoin News.
Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules.
South Carolina Governor Henry McMaster has signed S. 163 into law, giving crypto users and businesses stronger legal protections. The law protects digital asset payments, self-custody through hard wallets and blocks additional state or local taxes on crypto used for payments. South Carolina has moved further into the pro-crypto column. Governor Henry McMaster signed S. [...]
South Carolina has passed a new cryptocurrency law that protects self-custody rights, limits state involvement with central bank digital currencies, and removes several licensing requirements tied to blockchain activity. South Carolina Governor Henry McMaster signed Senate Bill 163 into law…
South Carolina's law fosters a pro-crypto environment, potentially attracting digital asset businesses while challenging CBDC adoption trends. The post South Carolina enacts pro-crypto law, bans CBDC payments appeared first on Crypto Briefing.