Louisiana Passes Bitcoin Bill to Protect Bitcoin Usage and Restrain Central Bank Digital Currency
In a move to protect the right to use Bitcoin and curb central bank digital currency, the state of Louisiana has passed a Bitcoin bill. The House Bill 488, which was approved by both the House and the Senate, has been signed into law by Governor Jeff Landry. The legislation, led by Representative Mark Wright and supported by Senator Jean-Paul Coussan, aims to ensure the continued usage of Bitcoin while imposing restrictions on CBDC.
The key provisions of HB 488 – the new law provides several important protections for Bitcoin holders and miners:
Self-custody rights: The law ensures individuals can securely hold their own digital assets. This provision is crucial for financial security and sovereignty.
Freedom of transactions: It guarantees the right to transact with Bitcoin, allowing individuals and businesses to spend and accept Bitcoin without additional legal barriers.
Support for Bitcoin mining: The law supports Bitcoin mining in industrial zones, aiming to promote economic development in the state of Louisiana by attracting businesses and investments.
Tags:
CBDC
Bitcoin
Source link:
https://www.forbes.com/sites/digital-assets/2024/06/24/louisiana-passes-bill-t…
Note: The views expressed in all Bitpush articles represent the author’s opinion and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6906750
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