Louisiana passed a Bitcoin bill to protect the right to use Bitcoin and curb central bank digital currencies. After House Bill 488 received bipartisan approval in both the House and Senate, Governor Jeff Landry signed it into law. The legislation, spearheaded by Representative Mark Wright and supported by Senator Jean-Paul Coussan, aims to ensure the continued right to use Bitcoin while placing restrictions on CBDCs.
The main provisions of HB 488 - the new law - provide several important protections for bitcoin holders and miners:
Self-custody: The law ensures that individuals can safely hold their digital assets. This provision is essential for financial security and sovereignty.
Freedom of Transaction: It guarantees the right to use Bitcoin for transactions, allowing individuals and businesses to spend and accept Bitcoin without additional legal barriers.
Support Bitcoin Mining: This law supports bitcoin mining in industrial areas and is designed to promote economic development in Louisiana by attracting businesses and investment.
Louisiana passes bill to defend bitcoin rights and ban CBDCs
2024-06-24 12:26:19
Louisiana the state of Louisiana passed a bitcoin bill to protect bitcoin rightsdesk3cryptocurrencydesktopCrypto News
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