South Carolina Gov. McMaster Signs Anti-CBDC Crypto Law, Protects Self-Custody Rights - Bitcoin News
South Carolina signed a law prohibiting state enforcement of CBDC as money and protecting self-custody rights, with implications for money transmitters and crypto firms.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 8, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Crypto/virtual-currency firms, money transmitters, and fintech wallets operating in South Carolina should confirm how it applies to their specific situation before acting. There is a time constraint attached: No immediate deadline; monitor for further regulatory guidance.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
South Carolina prohibits state recognition of CBDC as money and protects self-custody of digital assets, potentially affecting money transmission licensing requirements for crypto businesses.
Who it affects
Crypto/virtual-currency firms, money transmitters, and fintech wallets operating in South Carolina
What you must do
Review state money transmission laws to ensure compliance with new self-custody protections and CBDC restrictions.
Deadline
No immediate deadline; monitor for further regulatory guidance.
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