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Signed as Law: South Dakota Takes Another Step Against Central Bank Digital Currency

Signed as Law: South Dakota Takes Another Step Against Central Bank Digital Currency

by Mike Maharrey | Mar 22, 2024 | Federal Reserve, State Bills

PIERRE, S.D. (March 22, 2024) – A bill signed into law by South Dakota Gov. Kristi Noem to revise provisions regarding money transmission in the state would also take another step to reject a central bank digital currency (CBDC). The Committee on Commerce and Energy...
Oklahoma House Passes Bill to Exclude CBDC from State Definition of Money

Oklahoma House Passes Bill to Exclude CBDC from State Definition of Money

by Mike Maharrey | Mar 14, 2024 | Federal Reserve, State Bills

OKLAHOMA CITY, Okla. (March 14, 2024) – On Tuesday, the Oklahoma House passed a bill that would expressly exclude a central bank digital currency (CBDC) from the definition of money in the state, creating potentially significant roadblocks to its use as such in the...
Signed as Law: Utah Excludes CBDC from State Definition of Legal Tender

Signed as Law: Utah Excludes CBDC from State Definition of Legal Tender

by Michael Boldin | Mar 14, 2024 | Federal Reserve, State Bills

SALT LAKE CITY, Utah (March 14, 2024) – On Wednesday, Gov. Spencer Cox signed a bill into law that expressly excludes a central bank digital currency (CBDC) from the state’s definition of legal tender and money, creating potentially significant roadblocks to its use...
Missouri House Committees Pass Bill to Take Steps Against a Central Bank Digital Currency (CBDC)

Missouri House Committees Pass Bill to Take Steps Against a Central Bank Digital Currency (CBDC)

by Mike Maharrey | Mar 13, 2024 | Federal Reserve, State Bills

JEFFERSON CITY, Mo. (March 13, 2024) – This week, two Missouri House committees passed a bill to limit the impact of a central bank digital currency (CBDC), removing it from the definition of money in the state UCC, and banning the state from accepting it as...
Signed as Law: Indiana Takes Additional Steps Against a CBDC

Signed as Law: Indiana Takes Additional Steps Against a CBDC

by Mike Maharrey | Mar 12, 2024 | Federal Reserve, State Bills

INDIANAPOLIS, Ind. (March 12, 2024) – Yesterday, Indiana Gov. Eric Holcomb signed a bill into law that takes additional steps to impede the practical impact of a central bank digital currency. The legislation expands a 2023 law that removed CBDC from the definition of...
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