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Now in Effect: Indiana Law Takes Additional Steps Against a CBDC

Now in Effect: Indiana Law Takes Additional Steps Against a CBDC

by Mike Maharrey | Jul 1, 2024 | Federal Reserve, State Bills

INDIANAPOLIS, Ind. (July 1, 2024) – Today, an Indiana law that takes additional steps to impede the practical impact of a central bank digital currency went into effect. The legislation expands a 2023 law that removed CBDC from the definition of money in the state....
Now in Effect: Three South Dakota Laws Take Steps Against a Central Bank Digital Currency

Now in Effect: Three South Dakota Laws Take Steps Against a Central Bank Digital Currency

by Mike Maharrey | Jul 1, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (July 1, 2024) – Today, three South Dakota laws go into effect that take steps to reject a central bank digital currency (CBDC). Rep. Mike Stevens and a bipartisan coalition of cosponsors introduced House Bill 1163 (HB1163) and House Bill 1161 (HB1161)....
To the Governor: North Carolina Bill Would Take First Step Against a Potential CBDC

To the Governor: North Carolina Bill Would Take First Step Against a Potential CBDC

by Mike Maharrey | Jun 28, 2024 | Federal Reserve, State Bills

RALEIGH, N.C. (June 28, 2024) – On Wednesday, the North Carolina House gave final approval to a bill that would take a small step toward limiting the impact of any potential future central bank digital currency (CBDC) in the state, sending to the governor’s...
Signed as Law: Georgia Takes Step Against a Potential CBDC

Signed as Law: Georgia Takes Step Against a Potential CBDC

by Mike Maharrey | May 9, 2024 | Federal Reserve, State Bills

ATLANTA,Β Ga. (May 9, 2024) –On Monday, Georgia Governor Brian Kemp signed a bill into law that will take a small step toward limiting the impact of any potential future central bank digital currency (CBDC) in the state. Rep. Carter Barrett and five cosponsors...
Now in Effect: Utah Law Excludes CBDC from State Definition of Legal Tender

Now in Effect: Utah Law Excludes CBDC from State Definition of Legal Tender

by Mike Maharrey | May 2, 2024 | Federal Reserve, State Bills

SALT LAKE CITY, Utah (May 2, 2024) – Yesterday, a Utah law that expressly excludes a central bank digital currency (CBDC) from the state definitions of legal tender and money went into effect, creating potentially significant roadblocks to its use as such in the...
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