Now in Effect: Alabama Law Takes Small Step Against a Potential CBDC

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.

Continue ReadingNow in Effect: Alabama Law Takes Small Step Against a Potential CBDC

Now in Effect: Arkansas Law Limits Tracking Using Central Bank Digital Currencies

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.

Continue ReadingNow in Effect: Arkansas Law Limits Tracking Using Central Bank Digital Currencies

Now in Effect: Arkansas Law Makes Gold and Silver Legal Tender in the State

LITTLE ROCK, Ark. (July 31, 2023) – Today, an Arkansas law making gold and silver legal tender in the state, and effectively repealing the state capital gains tax on gold and silver went into effect. Enactment of this law could help eliminate barriers to using gold and silver in everyday transactions, a foundational step for […]

The post Now in Effect: Arkansas Law Makes Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.

Continue ReadingNow in Effect: Arkansas Law Makes Gold and Silver Legal Tender in the State

New Jersey Assembly Passes Bill that Takes Step Toward Treating Gold and Silver as Money

the New Jersey Assembly unanimously passed a bill that would exempt gold and silver bullion coins from state sales and use taxes.

The post New Jersey Assembly Passes Bill that Takes Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.

Continue ReadingNew Jersey Assembly Passes Bill that Takes Step Toward Treating Gold and Silver as Money

Now in Effect: Indiana Law Bans use of a CBDC as Money in the State

The law makes a number of changes to Indiana’s Uniform Commercial Code (UCC) including explicitly excluding a CBDC from the definition of money in Indiana, effectively banning its use as such in the state.

The post Now in Effect: Indiana Law Bans use of a CBDC as Money in the State first appeared on Tenth Amendment Center.

Continue ReadingNow in Effect: Indiana Law Bans use of a CBDC as Money in the State

Now in Effect: Florida Law Removes CBDC from the Definition of Money

The law explicitly excludes a CBDC from the definition of money in Florida, effectively banning its use as such in the state.

The post Now in Effect: Florida Law Removes CBDC from the Definition of Money first appeared on Tenth Amendment Center.

Continue ReadingNow in Effect: Florida Law Removes CBDC from the Definition of Money

North Carolina House Passes Bill to Explore Creation of Bullion Depository Along with Gold, Silver and Crypto Reserves

the North Carolina House passed a bill that would mandate a study to explore the state acquisition of precious metals and cryptocurrency, along with a cost-and-benefit study on creating a state precious metals bullion depository.

The post North Carolina House Passes Bill to Explore Creation of Bullion Depository Along with Gold, Silver and Crypto Reserves first appeared on Tenth Amendment Center.

Continue ReadingNorth Carolina House Passes Bill to Explore Creation of Bullion Depository Along with Gold, Silver and Crypto Reserves

New Jersey Assembly Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money

The legislation would exempt the sale of investment metal bullion and investment coins from the state sales and use tax.

The post New Jersey Assembly Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.

Continue ReadingNew Jersey Assembly Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money

Signed as Law: Alabama Takes Small Step Against a Potential CBDC

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.

Continue ReadingSigned as Law: Alabama Takes Small Step Against a Potential CBDC