New State Law Protects Bitcoin Access and Limits CBDCs

The US state of Louisiana has reportedly passed a bill in support of Bitcoin that aims to protect access to the asset and limit central bank digital currencies (CBDC).

The move coincides with another state that also enshrined Bitcoin rights into law.

Louisiana Governor Jeff Landry signed the pro-Bitcoin bill after bipartisan approval from both the House of Representatives and the Senate.

This legislation, introduced by Representative Mark Wright and Senator Jean-Paul Cousin, aims to facilitate easier access to Bitcoin while imposing restrictions on CBDC.

The new law ensures that individuals can securely hold Bitcoin and allows businesses to use and accept BTC without facing legal obstacles.

Additionally, the law prohibits Louisiana from accepting payments in CBDC and supports mining Bitcoin in industrial areas to attract investment and boost the state’s economy.