South Carolina is pushing forward with a cryptocurrency-friendly bill that would ban state agencies from using CBDCs.

PANews reported on May 20th that, according to CoinDesk, South Carolina's S.0163 bill prohibits state agencies from accepting or testing central bank digital currencies (CBDCs) and bans state-level payment requests in the form of CBDCs. The bill also protects users' self-custody rights , allows individuals to freely use digital assets for legitimate transactions, and restricts discriminatory regulations targeting crypto mining and node operations. Furthermore, the bill clarifies that crypto payments cannot be used as a standalone basis for additional tax assessments. According to the state's fiscal impact statement, the bill is not expected to have a significant impact on existing fiscal operations.

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Author: PA一线

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