CBDC Pushback Grows as South Carolina Signs Pro-Crypto Law
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South Carolina Governor Henry McMaster signed Senate Bill 163, creating a state framework that protects crypto payments and self-custody wallets while blocking state agencies from accepting or testing any federal CBDC. The law exempts mining, node operations, on-chain apps and DeFi from licensing and shields crypto trading, giving businesses, miners and developers clearer legal protections that should support local crypto adoption and reduce regulatory risk.
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- South Carolina’s new law blocks state agencies from accepting or testing any federal CBDC.
- Governor McMaster signed S. 163, protecting crypto payments, self-custody wallets, and mining.
- The law exempts mining, node operations, on-chain apps, and crypto trading from licensing rules.
South Carolina has moved further into the national digital asset debate after Governor Henry McMaster signed Senate Bill 163 into law. The measure creates a state framework for digital assets while blocking public bodies from using or testing a federally issued CBDC.
The law, titled “Cryptocurrency,” places private digital asset activity under legal protection and limits government involvement in central bank digital currency systems. It also gives users, businesses, miners, and developers clearer protections under state law.
New Law Protects Digital Asset Payments and Self-Cust…
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