Louisiana passes pro-Bitcoin, anti-CBDC crypto bill
On June 19, Louisiana quietly enacted House Bill 488, a crypto bill known as the “Blockchain Basics Act” or “Bitcoin Rights” bill.
The legislation, set to take effect on August 1, 2024, marks a significant step in potentially limiting the influence of central bank digital currencies (CBDCs). The Act provides legal protections for home digital asset miners.
The draft also ensures the right to self-custody of digital assets, allows freedom to use Bitcoin as a payment method, and prohibits CBDC creation.
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