Louisiana has updated its legislation to protect blockchain node operators and ban the use of central bank digital currencies (CBDCs). The Blockchain Basics Act, effective August 2024, prohibits the state from participating in CBDC tests and accepting payments in CBDCs. It also enforces strict controls over foreign-owned digital asset mining companies, requiring them to divest within a year.
The law defines node operators as crucial to maintaining blockchain integrity but without authority over transactions. This move reflects a growing trend in the U.S., with several states enacting similar regulations amid debates on digital currency and privacy.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
