South Carolina Governor Henry McMaster signed Senate Bill 163 into law, banning the use of CBDCs in the state and protecting individuals and businesses in their use and self-custody of crypto assets, including Bitcoin miners.
South Carolina has enacted Senate Bill 163, a crypto-friendly law banning state agencies from accepting CBDCs, protecting self-custody rights, and easing regulatory hurdles for crypto businesses and miners.
US House Republicans are pushing for a permanent ban on a central bank digital currency (CBDC) via an amendment to the 21st Century ROAD to Housing Act. The bill, which includes housing program revisions, aims to prevent the Federal Reserve from issuing a CBDC, with a vote expected this week.
The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.
The central bank chief outlined digital finance priorities while legislative debates continue over private stablecoin frameworks.
New Bank of Korea governor Shin Hyun-song supported CBDCs and deposit tokens in his first address, while stablecoins were notably absent from his remarks.
