According to WuSay, the U.S. state of Louisiana has amended its legislation to ban the use of central bank digital currencies (CBDCs) and set rules for miners and node operators. The revised law will take effect in August 2024. In addition, Louisiana imposes strict controls on foreign-owned digital asset mining companies, prohibiting foreign entities from acquiring or maintaining a stake in any digital asset mining business within Louisiana. From August 1, 2024, foreign-controlled businesses currently engaged in digital asset mining in Louisiana will have one year to fully withdraw their interests. The law provides for significant penalties for non-compliance, up to $1 million or 25% of the foreign entity's stake in the mining business.
