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The legislation would prohibit any agency, department, or political subdivision of the state from accepting a payment using central bank digital currency. It would also prohibit them from participating in any test of central bank digital currency by any Federal Reserve branch.
A bill filed in the South Carolina Senate would expressly exclude a central bank digital currency (CBDC) from the definition of money in South Carolina, creating potentially significant roadblocks to its use as such in the state.
Bills filed in the Missouri House and Senate would take steps to limit the impact of central bank digital currency (CBDC), creating potentially significant roadblocks to its use in the state.
An astonishing 85 per cent of the respondents to a Bank of Canada survey say they would not use a digital Canadian dollar
Central Bank Digital Currency (CBDC), or e-rupee, can help reduce the cost of cross-border remittances by 2-3%, according to an official. The Central Bank Digital Currency (CBDC) is a digital token that represents legal tender and is issued in the same denominations as paper currency and coins.