PANews
PANews|May 20, 2026 10:39
[South Carolina Advances Crypto-Friendly Bill, Prohibits State Agencies from Using CBDCs] According to CoinDesk, South Carolina has introduced Bill S.0163, which prohibits state government agencies from accepting or testing central bank digital currencies (CBDCs) and bans the use of CBDCs for state-level payment requirements. The bill also protects users' rights to self-custody, allowing individuals to freely use digital assets for lawful transactions, and restricts discriminatory regulations targeting crypto mining and node operations. Additionally, the bill specifies that crypto payments cannot be used as a sole basis for additional tax assessments. According to the state's fiscal impact statement, the bill is not expected to have a significant effect on current fiscal operations.
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