News Explorer — South Carolina's New Law Safeguards Crypto Use and Bitcoin Mining While Banning CBDCs

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May 20, 3:08 pm

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South Carolina's New Law Safeguards Crypto Use and Bitcoin Mining While Banning CBDCs

South Carolina's new bill, signed by Governor Henry McMaster, protects individuals, businesses, and Bitcoin miners in the state. It allows for the use, custody, and mining of digital assets while banning the use of central bank digital currency. The bill also exempts miners and developers from needing a money transmitter license.

South Carolina's new bill, signed by Governor Henry McMaster, protects individuals, businesses, and Bitcoin miners in the state. It allows for the use, custody, and mining of digital assets while banning the use of central bank digital currency. The bill also exempts miners and developers from needing a money transmitter license.

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