U.S. state passes bill to support bitcoin
The US state of Louisiana has reportedly passed a bill in support of bitcoin, aimed at protecting access to the asset and limiting central bank digital currencies (CBDCs). The move coincides with another state also enshrining bitcoin rights into law.
Louisiana Governor Jeff Landry signed a bill in favor of bitcoins after approval from both parties in the House and Senate.
The law, proposed by Representative Mark Wright and Senator Jean-Paul Cousins, aims to ease access to Bitcoin while placing restrictions on CBDCs.
The new law ensures that individuals can safely store Bitcoins and businesses are allowed to use and accept BTC without facing legal hurdles.
The law also prohibits Louisiana from accepting CBDC payments and supports bitcoin mining in industrial zones to attract investment and boost the state's economy.
The US state of Louisiana has reportedly passed a bill in support of bitcoin, aimed at protecting access to the asset and limiting central bank digital currencies (CBDCs). The move coincides with another state also enshrining bitcoin rights into law.
Louisiana Governor Jeff Landry signed a bill in favor of bitcoins after approval from both parties in the House and Senate.
The law, proposed by Representative Mark Wright and Senator Jean-Paul Cousins, aims to ease access to Bitcoin while placing restrictions on CBDCs.
The new law ensures that individuals can safely store Bitcoins and businesses are allowed to use and accept BTC without facing legal hurdles.
The law also prohibits Louisiana from accepting CBDC payments and supports bitcoin mining in industrial zones to attract investment and boost the state's economy.