South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners - decrypt.co
South Carolina has enacted a law banning CBDCs while providing protections for cryptocurrency users and Bitcoin miners.
Aforeworn detected this change in the Money Services & Money Transmitters space on September 1, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Cryptocurrency users, Bitcoin miners, and virtual currency businesses operating in South Carolina. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Not specified in the source.. 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
The state has passed a law that prohibits the use of CBDCs and includes protective measures for crypto users and miners.
Who it affects
Cryptocurrency users, Bitcoin miners, and virtual currency businesses operating in South Carolina.
What you must do
Monitor for specific regulatory guidance and ensure compliance with any new state-level requirements.
Deadline
Not specified in the source.
Never miss a change like this again
Aforeworn watches Money Services & Money Transmitters around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Money Services & Money Transmitters
- Minnesota Omnibus Bill includes consumer loan law amendments for all-in APR cap and anti-evasion, new money transmitter laws, and more - consumerfinancemonitor.com
- Proposal of Special Measure Regarding Banque Misr UAE as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern
- Proposed FinCEN AML/CFT rule | United States | Global law firm - nortonrosefulbright.com
- Treasury Proposes Stablecoin Licensing Rules Under GENIUS Act - tradingview.com
- NYDFS Reaches Settlement With Money Transmitter Order Express Over Alleged Cyber Program Violations - The National Law Review