S.C. Code Ann. § 34-47-60: Exemptions from money transmitter licensing.

(A) A money transmitter license pursuant to Article 2, Chapter 11, Title 35 shall not be required of an individual or business due to their participation in the following activities:

(1) digital asset mining;

(2) operating a node or a series of nodes on a blockchain protocol;

(3) developing software on a blockchain protocol, even if the software effectuates the exchange of one digital asset for another digital asset; or

(4) exchanging a digital asset for another digital asset without exchanging digital assets for legal tender or bank deposits.

(B) An individual or business shall not be prohibited from operating a node for the purpose of connecting to a blockchain protocol and participating in such blockchain protocol's operations.

(C) A business offering to provide digital asset mining as a service or staking as a service for individuals or to other businesses is not offering a security pursuant to Title 35.