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United States of America: Passed Central Bank Digital Currency Bill (SB 7054)

Policy overview

Description

Passed Central Bank Digital Currency Bill (SB 7054)

On 26 April 2023, the Central Bank Digital Currency Bill (SB 7054) was passed by the Senate of Florida. The bill defines the term “central bank digital currency” (CBDC) and revises the definition of the term “money”. The bill would effectively prohi…

Scope

Policy Area
Content moderation
Policy Instrument
Content moderation regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), DLT development
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2023-03-31
under deliberation

On 31 March 2023, the Central Bank Digital Currency Bill (SB 7054) was introduced in the Senate of …

2023-04-26
under deliberation

On 26 April 2023, the Central Bank Digital Currency Bill (SB 7054) was passed by the Senate of Flor…

2023-05-02
adopted

On 2 May 2023, the Central Bank Digital Currency Bill (SB 7054) was adopted after being passed by t…

2023-05-12
adopted

On 12 May 2023, the Central Bank Digital Currency Bill (SB 7054) was signed by the Governor of Flor…

2023-07-01
in force

On 1 July 2023, the Central Bank Digital Currency Bill (SB 7054) was implemented in Florida. The bi…