South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners

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Decrypt Editorial

(03:08 PM UTC)

1 min read

Reviewed bySarah Chen

Senate Bill 163 was signed into law by South Carolina Governor Henry McMaster on Tuesday.
The bill effectively bans the use of CBDCs in the state and protects authorities from participating in any CBDC tests.
It also allows for the use and self-custody of crypto assets in the state, including offering protections to Bitcoin miners.

Individuals, businesses, and Bitcoin miners in South…