South Carolina Protects Bitcoin Miners Amidst MoneyGram's Blockchain Payment Expansion

South Carolina Protects Bitcoin Miners Amidst MoneyGram's Blockchain Payment Expansion

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South Carolina has enacted Senate Bill 163, providing legal protections for Bitcoin miners against discriminatory zoning and licensing, and explicitly banning Central Bank Digital Currency (CBDC) payments by state agencies. This regulatory move signals a supportive environment for decentralized cryptocurrencies in the state. Concurrently, MoneyGram is deepening its involvement in blockchain payments through a new partnership with Stripe-incubated Tempo, aimed at facilitating stablecoin settlements and transaction validation across its global network.

Senate Bill 163 bans CBDC payments by state agencies and shields Bitcoin miners from discriminatory zoning and licensing rules.

The remittance company partnered with Stripe-incubated blockchain Tempo to support stablecoin settlement and help validate transactions across its global payments network.