South Carolina Enacts Comprehensive Crypto Framework - Crypto Economy
South Carolina enacted a crypto framework protecting self-custody, mining, nodes and payments while banning state CBDC use.
➤ South Carolina has enacted a comprehensive crypto framework that protects self-custody, mining, nodes, and digital asset payments while explicitly banning state and local authorities from using or testing central bank digital currencies (CBDCs). ➤ The new law clarifies licensing requirements, stating that mining, staking, operating nodes, or exchanging digital assets do not inherently require a money transmitter license, providing clearer operating parameters for businesses and developers. ➤ While the framework is largely pro-crypto, it maintains enforcement options for fraud and addresses energy grid concerns for mining operations, with its true market impact hinging on consistent implementation by state agencies and courts.
