South Carolina Bitcoin Self-Custody Protection Bill
Published: May 20, 2026By Rohmeo 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 Bitcoin Self-Custody Law (S.163)
In mid-2026, South Carolina solidified Bitcoin rights through S.163. This landmark legislation explicitly protects individual sovereignty and proof-of-work operational integrity.
Key Provisions
- Self-Custody Rights: Ensures individuals have the legal right to hold and move their Bitcoin without intermediary restrictions.
- Tax Protection: Prohibits local/state discriminatory taxation on Bitcoin transactions relative to fiat currency.
- PoW Safeguards: Recognizes and protects Bitcoin miners operating within the state from targeted bans or punitive regulatory burdens.
Quick Reference
| Provision | Impact |
|---|---|
| Self-Custody | High (Regulatory Certainty) |
| Taxation | Neutral (Equality enforced) |
| Mining | Positive (Infrastructure stability) |