United States of America: Adopted Central Bank Digital Currency Bill (SB 7054)
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Description
Adopted Central Bank Digital Currency Bill (SB 7054)
On 2 May 2023, the Central Bank Digital Currency Bill (SB 7054) was adopted after being passed by the House of Representatives of Florida. The bill defines the term “central bank digital currency” (CBDC) and revises the definition of the term “money”. The bill would effectively prohibit the use of a federally adopted CBDC by excluding it from the definition of money within Florida’s Uniform Commercial Code, the state’s governing law for commercial transactions.
Original sourceScope
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
2023-04-26
under deliberation
2023-05-02
adopted
2023-05-12
adopted