The new law prohibits government agencies in Alabama from accepting a CBDC as payment, and from participating in any testing of a CBDC by the Federal Reserve.
The post Now in Effect: Alabama Law Takes Small Step Against a Potential CBDC first appeared on Tenth Amendment Center.
The law prohibits using a “digital currency tracker” to track an individual’s purchases or location through the use by an individual of digital currency without a warrant or unless the individual consents to the tracking. The law explicitly states that digital currency includes central bank digital currency (CBDC).
The post Now in Effect: Arkansas Law Limits Tracking Using Central Bank Digital Currencies first appeared on Tenth Amendment Center.
The new law prohibits government agencies in Alabama from accepting a CBDC as payment, and from participating in any testing of a CBDC by the Federal Reserve.
The post Signed as Law: Alabama Takes Small Step Against a Potential CBDC first appeared on Tenth Amendment Center.
A bill introduced 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.
The post South Carolina Bill Would Exclude CBDC from Definition of Money in the State first appeared on Tenth Amendment Center.
As support for state efforts against a central bank digital currency ramps up, we’re starting to hear what opponents have to say. You probably won’t be surprised to learn that much of it is based on their view that federal supremacy is the answer to everything.
The post States vs CBDC: Here Comes the Opposition first appeared on Tenth Amendment Center.
A bill introduced in the Ohio House would explicitly exclude a central bank digital currency (CBDC) from the definition of money in Ohio, effectively banning its use as such in the state.
The post Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State first appeared on Tenth Amendment Center.
States and individuals can stop a CBDC. It’s going to take hard work - and good strategy. The latter, we’ve got from the “father of the Constitution” - who gave us a four-step blueprint to stop federal programs without relying on the federal government to magically limit its own power.
The post James Madison vs a Central Bank Digital Currency first appeared on Tenth Amendment Center.
Some well-intentioned opponents of a central bank digital currency are claiming that a new law in North Dakota will “eliminate its use and application” in the state. But a look under the hood tells us this is almost certainly not the case.
The post North Dakota vs CBDC: Not So Fast! first appeared on Tenth Amendment Center.
To the founders and old revolutionaries, liberty requires a rejection of fear, ignorance, and a culture of obedience. But it also takes courage - fortitude and perseverance - to support freedom, whether government likes it, or not.
The post Florida to Ban CBDC’s as Money first appeared on Tenth Amendment Center.
A central bank digital currency is a financial privacy nightmare. And it’s a tool for complete government control over our spending. As a result, a lot of people are now thinking the paper dollar is a good thing
The post Fiat Paper Money Isn’t the Fix for Central Bank Digital Currency first appeared on Tenth Amendment Center.