South Carolina governor signs bill protecting Bitcoin miners, banning CBDC
Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules.
South Carolina Governor Henry McMaster signed Senate Bill 163 into law on Tuesday, advancing one of the most crypto-friendly state-level frameworks in the country.
The bill, which previously passed the Senate 38-1 and the House 110-1, bans state agencies from accepting central bank digital currencies (CBDCs), protects the rights of crypto users and miners, and clears regulatory hurdles for businesses operating in the space.
On CBDCs, the law bars any state agency or political subdivision from accepting, requiring payment in, or participating in Federal Reserve-led digital currency trials, including any pilot programs run by federal agencies.