According to reports, the state of Louisiana in the United States has passed a bill supporting Bitcoin, aimed at protecting the use of the asset and restricting central bank digital currencies (CBDCs). This comes as another state has also enshrined Bitcoin rights into law.
The bill supporting Bitcoin was signed by Louisiana Governor Jeff Landry after being approved by both the House of Representatives and the Senate. The legislation, proposed by Representative Mark Wright and Senator Jean-Paul Cousin, aims to facilitate easier access to Bitcoin while imposing restrictions on CBDCs.
The new law ensures that individuals can safely hold Bitcoin and allows businesses to use and accept Bitcoin without facing legal barriers.
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The law also prohibits Louisiana from accepting CBDC payments and supports Bitcoin mining in industrial zones to attract investments and promote the state’s economy.
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