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ATLANTA, Ga. (Feb. 8, 2024) – A bill filed in the Georgia House would take a small step toward limiting the impact of any potential future central bank digital currency (CBDC). A group of six representatives led by Rep. Carter Barrett introduced House Bill 1053 (HB1053) on Jan. 26. The legislation would prohibit a state
Yesterday, a Wisconsin House committee passed a bill that would expressly exclude a CBDC from the definition of money in Wisconsin and prohibit state agencies from accepting CBDC as a form of payment.
Cryptocurrencies have revolutionized the financial landscape, offering innovative solutions to traditional monetary systems. As digital assets built on blockchain technology, cryptocurrencies provide decentralized and secure transactions. However, the crypto space is not a monolith; it comprises various types of cryptocurrencies with distinct purposes and functionalities.
A bill filed in the Tennessee Senate 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 state.
HB1163 would expressly exclude a CBDC from the definition of money in South Dakota, and HB1161 would prohibit state agencies from accepting CBDC as a form of payment.