South Carolina’s governor signs a new bill into law that prohibits state agencies from using central bank digital currencies (CBDCs) for payments while expanding protections for the state’s crypto sector. The legislation bans state entities from accepting or requiring CBDC payments and restricts government actions related to CBDC use. At the same time, it provides support for Bitcoin mining, including measures intended to prevent discriminatory local rules. According to reporting on the bill, the law includes protections for Bitcoin miners against discriminatory zoning and licensing practices, aiming to reduce barriers to mining operations. The law also extends protections beyond miners, covering crypto users and developers, as described by multiple outlets. Overall, the statute reflects a pro-crypto approach at the state level, pairing CBDC restrictions with safeguards designed to keep mining and related activities from being unfairly targeted through regulation. The bill takes effect after the governor signs it, with the reported signing occurring on Tuesday.
South Carolina signs law banning CBDC payments and protecting Bitcoin miners
South Carolina’s governor signs a new bill into law that prohibits state agencies from using central bank digital currencies (CBDCs) for payments while expanding protections for the state’s crypto sec...
- South Carolina bans state entities from accepting or requiring payments in CBDCs.
- The bill is signed into law by the governor on Tuesday.
- The legislation includes protections for Bitcoin miners.
- The law shields miners from discriminatory zoning and licensing rules.
- The statute provides support or protections for crypto users and developers.
The crypto-friendly legislation was signed into law on Tuesday, granting protections to crypto users, developers, and Bitcoin miners.
3 months agoSenate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules.
3 months agoThe new legislation bans state entities from accepting or requiring payments in CBDC, and offers strong support for crypto mining.
3 months ago
Labour figures urge Andy Burnham to consider an early general election in 2027
Alan Johnson, a senior Labour figure and former home secretary, urges Andy Burnham, the party’s new Prime Minister, to c...
Google rolls out “Lake America” label after Trump executive order; MapQuest refuses
Google begins rolling out a change to its maps showing the name of Lake Ontario as “Lake America” for users in the Unite...
Milo Yiannopoulos deported to the UK after ICE detention over visa overstay
British far-right commentator Milo Yiannopoulos is deported from the United States to the UK after being detained by U.S...