South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners - Decrypt
South Carolina has enacted a law banning the use of central bank digital currencies (CBDCs) as money while explicitly protecting cryptocurrency users and Bitcoin miners from discriminatory regulations.
Aforeworn detected this change in the Money Services & Money Transmitters space on July 11, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Crypto/virtual-currency firms, payment processors, fintech wallets operating in South Carolina should confirm how it applies to their specific situation before acting. There is a time constraint attached: Upon effective date of the law (typically 90 days after passage, check specific enactment date). 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
New law prohibits state acceptance of CBDCs as legal tender and prevents discriminatory treatment of digital assets and mining activities.
Who it affects
Crypto/virtual-currency firms, payment processors, fintech wallets operating in South Carolina
What you must do
Review current operations to ensure compliance with the ban on CBDC acceptance and update policies to reflect protections for crypto users and miners.
Deadline
Upon effective date of the law (typically 90 days after passage, check specific enactment date)
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