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