Signed by the Governor: Tennessee Law Excludes CBDC from Definition of Money and Deposit Account
NASHVILLE, Tenn. (April 12, 2024) – Yesterday, Tennessee Governor Bill Lee signed a bill into law that expressly excludes a central bank digital currency (CBDC) from the definition of money and a “deposit account” under the Uniform Commercial Code (UCC),...
Signed as Law: Utah Excludes CBDC from State Definition of Legal Tender
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...
Arizona Senate Passes Bill to Exclude CBDC from State Definition of Money
PHOENIX, Ariz. (Feb. 29, 2024) – Today, the Arizona Senate passed a bill that would expressly exclude central bank digital currency (CBDC) from the definition of legal tender and money in the state, creating potentially significant roadblocks to its use as such in...