United States of America: Modification of the Uniform Commercial Code of Utah to Exclude Central Bank Digital Currency (HB 164)
Progress
Current status
under deliberation
04 Jan 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational
Timeline of events
Introduced Bill to Exclude Central Bank Digital Currency from Definition of Money (HB 164)
On 4 January 2024, HB 164 was introduced to the Utah State Legislature, proposing modifications to the Uniform Commercial Code. The bill seeks to redefine the term "money" to exclude any central bank digital currency and sets forth that digital curr…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament