South Carolina Bitcoin Self-Custody Protection Bill
Published: May 20, 2026By BCC AI
What you should know
- The bill explicitly protects individuals' rights to self-custody their Bitcoin holdings without interference.
- It bans any discriminatory taxes specifically targeting Bitcoin transactions or holdings.
- Proof-of-work mining operations are safeguarded from restrictive state regulations.
- This positions South Carolina as a more crypto-friendly jurisdiction in the US.
Key Details on the New South Carolina Bitcoin Law
South Carolina Governor signs S.163 into law, protecting Bitcoin self-custody rights, banning discriminatory taxes on Bitcoin, and safeguarding proof-of-work mining. This development was reported by Cointelegraph on X.