South Carolina Gov. McMaster Signs Anti-CBDC Crypto Law, Protects Self-Custody Rights - news.bitcoin.com
South Carolina Governor McMaster signed a law prohibiting state and local governments from adopting or using a central bank digital currency (CBDC) and protecting the right to self-custody of digital assets.
Aforeworn detected this change in the Money Services & Money Transmitters space on August 8, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Crypto/virtual-currency firms, fintech wallets, and payment processors operating in South Carolina. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Not specified.. 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 state law bans CBDC use and explicitly protects self-custody rights for digital assets.
Who it affects
Crypto/virtual-currency firms, fintech wallets, and payment processors operating in South Carolina.
What you must do
No immediate action required; monitor for any state-level regulatory changes that may affect operations.
Deadline
Not specified.
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