Senate Bill 163

South Carolina has enacted a law that establishes a clear framework for cryptocurrency use, bans CBDC use by state entities, and protects users' rights to use digital assets like bitcoin in commerce. The law also prevents additional taxes or fees on transactions involving digital assets. This move makes South Carolina one of the most comprehensive state-level efforts to support cryptocurrency adoption.

South Carolina Governor signs Senate Bill 163 to protect Bitcoin miners and ban Central Bank Digital Currency payments by state agencies. The bill shields Bitcoin miners from discriminatory zoning and licensing rules. This move aims to support the growth of cryptocurrency mining in the state.