Louisiana passes Bitcoin bill to protect Bitcoin rights

2024/06/24 20:29

Odaily News Louisiana Passes Bitcoin Act to Protect Access to Bitcoin and Curb Central Bank Digital Currencies. The legislation, led by Rep. Mark Wright and supported by Sen. Jean-Paul Coussan, seeks to ensure continued access to Bitcoin while placing restrictions on CBDCs. Key Provisions of HB 488 - The new law provides several important protections for Bitcoin holders and miners: Right to Self-Custody: The law ensures that individuals can safely hold their digital assets. Freedom to Transaction: It guarantees the right to transact using Bitcoin, allowing individuals and businesses to consume and accept Bitcoin without additional legal barriers. Support for Bitcoin Mining: The law supports Bitcoin mining in industrial areas and aims to promote Louisianas economic development by attracting businesses and investment. (Forbes)

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