South Carolina has enacted legislation banning state agencies from accepting central bank digital currencies while shielding cryptocurrency users and miners from certain regulations.
The law, known as S. Bill 163, was signed by the governor on Tuesday. It prohibits state agencies from accepting CBDCs and exempts Bitcoin miners from money transmitter licensing requirements. Protections also extend to crypto self-custody rights for users and developers.
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The US Senate Banking Committee voted 15 to 9 on May 14 to advance the Digital Asset Market Clarity Act. The bill now heads to the full Senate floor for further consideration.
Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.
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South Africa's National Treasury has gazetted the Draft Capital Flow Management Regulations 2026, modernising outdated exchange controls to include cryptocurrencies. The proposals aim to combat money laundering and illicit financial flows but have sparked debate over vague thresholds and restrictions on peer-to-peer transactions. Industry voices criticise the lack of defined limits and potential overreach.