United States of America: Blockchain Basics Act
Progress
Scope
Timeline of events
Implemented Blockchain Basics Act’s requirement for foreign to divest ownership of digital asset mining operations (HB 488)
On 1 August 2025, the obligation for foreign-controlled businesses involved in digital asset mining in Louisiana to fully divest their interests as established in the Blockchain Basics Act (HB 488) comes into effect. The Act prohibits foreign entiti…
SourceImplemented Blockchain Basics Act’s prohibition on adoption of central bank digital currencies (HB 488)
On 1 August 2024, sections of the Blockchain Basics Act (HB 488) come into effect. The Act forbids the use of central bank digital currencies (CBDCs) and establishes regulations for miners and node operators. It also prohibits the state of Louisiana…
SourceSigned Blockchain Basics Act (HB 488)
On 19 June 2024, the Blockchain Basics Act (HB 488) was signed into law by the Governor of Louisiana. The Act will forbid the use of central bank digital currencies (CBDCs) and establish regulations for miners and node operators. It also aims to pr…
SourceAdopted Blockchain Basics Act (HB 488)
On 3 June 2024, the Blockchain Basics Act (HB 488) was adopted by the Louisiana legislature. The Act will forbid the use of central bank digital currencies (CBDCs) and establish regulations for miners and node operators. It also aims to prohibit the…
SourceIntroduced Blockchain Basics Act (HB 488)
On 1 March 2024, the Blockchain Basics Act was introduced in the House of Representatives in Louisiana. The Act proposes to outlaw the use of central bank digital currencies (CBDCs) and establish regulations for miners and node operators. It also ai…
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