{"data":{"id":"us-sc/s.c.-code-ann.-34-47-60","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-47-60","heading":"Exemptions from money transmitter licensing.","body":"(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:\n(1) digital asset mining;\n(2) operating a node or a series of nodes on a blockchain protocol;\n(3) developing software on a blockchain protocol, even if the software effectuates the exchange of one digital asset for another digital asset; or\n(4) exchanging a digital asset for another digital asset without exchanging digital assets for legal tender or bank deposits.\n(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.\n(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.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 47 Cryptocurrency"],"source_url":"https://www.scstatehouse.gov/code/t34c047.php","current_through":"2026 Session of the General Assembly","vintage":"","retrieved_at":"2026-10-25T03:39:50Z","sha256":"692a046a319ad2fd54c785d38e8dd42e294d9577d93da40533f66333c09dd9c3","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-47-50","next":"us-sc/s.c.-code-ann.-34-47-70"},"notice":"GroundRules: Original legal text. Not legal advice."}