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A bill filed in the Idaho House would expressly exclude a central bank digital currency (CBDC) from the definition of money in the Idaho Uniform Commercial Code (UCC), and prohibit state agencies from accepting CBDC as a form of payment.
During the monetary policy meeting on February 8, RBI governor Shaktikanta Das proposed new use cases to incorporate programmability and offline functionality in CBDCs. He said the programmability use case of CBDCs will empower entities like government agencies to ensure specific benefits through payments.
A bill filed in the Minnesota House 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.
Where I live in the state of Tennessee, there is an intense debate going on about a bill to update our Uniform Commercial Code (UCC).
Where I live in the state of Tennessee, there is an intense debate going on about a bill to update our Uniform Commercial Code (UCC).