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.

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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).

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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 […]

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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.

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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.

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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.

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South Carolina Bill Would Exclude CBDC from Definition of Money in the State

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.

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Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State

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.

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South Carolina Bill Would Exclude CBDC from Definition of Money in the State

A bill introduced in the South Carolina House would explicitly exclude a CBDC from the definition of money in South Carolina, effectively banning its use as such in the state.

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Signed as Law: Florida Bans Use of a CBDC as Money in the State

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

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