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South Carolina Bans CBDC and Protects Bitcoin With Zero Tax Law - coinfomania.com

Detected August 9, 2026 · in Money Services & Money Transmitters

South Carolina has banned Central Bank Digital Currencies (CBDCs) and enacted a zero tax law on Bitcoin, benefiting cryptocurrency transactions.

Aforeworn detected this change in the Money Services & Money Transmitters space on August 9, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. All cryptocurrency firms, payment processors, and money services businesses operating in South Carolina. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Immediate effect upon announcement.. 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

CBDCs are now banned, and Bitcoin transactions are exempt from state taxes.

Who it affects

All cryptocurrency firms, payment processors, and money services businesses operating in South Carolina.

What you must do

Review and adjust business practices to align with the new regulations on CBDCs and Bitcoin taxation.

Deadline

Immediate effect upon announcement.

Source: https://news.google.com/rss/articles/CBMikgFBVV95cUxPR1BuZ2tTYmx6bmVSQVIwRzdTT3pkTTFxTThaMk5sbHJtdjZPUWtadnFrMFJZVG9GM1Nrazg4RTlQMFZMRmNpREhlUDJVaFFuTlQ4ZFk5VERQSnN4UDZvV0FRaFZ5X1pUTjRWVjhkOG5kUGtZLWJlOVRxRnZaWFhJUm9nc3RoRUVVenNoOGdSTndkdw?oc=5

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