South Carolina has enacted new legislation establishing a comprehensive regulatory framework for cryptocurrency-related matters.
Governor Henry McMaster signed S. 163 into law on Tuesday, amending the South Carolina Code of Laws to create a crypto-friendly environment for crypto users and businesses.
The new law states that individuals and businesses may not be prohibited from accepting digital assets as payments for goods and services or from using self-hosted or hard wallets to self-custody their digital asset holdings.
It also exempts cryptocurrencies used for payment from any additional tax, withholding, assessment, or charge by the state or local governments.
Anti-CBDC
