Now in Effect: Florida Law Removes CBDC from the Definition of Money
TALLAHASSEE, Fla. (July 1, 2023) – Today, a law removing central bank digital currency (CBDC) from the definition of money in the state went into effect. Senate Bill 7054 (S7054) defines central bank digital currency as a “digital medium of exchange, or digital...
Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State
COLUMBUS, Ohio (May 15, 2023) – A bill introduced in the Ohio House would expressly exclude a central bank digital currency (CBDC) from the definition of money in the Uniform Commercial Code (UCC), effectively banning its use as such in the state. Rep Jennifer Gross...
South Carolina Bill Would Exclude CBDC from Definition of Money in the State
COLUMBIA, S.C. (May 15, 2023) – A bill introduced in the South Carolina House would expressly exclude a CBDC from the definition of money in South Carolina, creating potentially significant roadblocks to its use as such in the state. A group of 41 representatives led...