Governor Henry McMaster has signed comprehensive cryptocurrency legislation establishing South Carolina’s position on digital assets and central bank digital currencies. The new law creates a detailed regulatory structure favoring blockchain innovation while restricting government involvement in CBDCs. The legislation modifies existing South Carolina statutes to safeguard cryptocurrency holders and blockchain enterprises. It establishes protections for digital asset transactions and independent custody solutions. S. 163 received Governor McMaster’s signature this week, introducing precise terminology for blockchain ... (full story)