United States of America: Implemented Central Bank Digital Currency Bill (SB 7054)
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Description
Implemented Central Bank Digital Currency Bill (SB 7054)
On 1 July 2023, the Central Bank Digital Currency Bill (SB 7054) was implemented in Florida. The bill effectively prohibits 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
Hide details
2023-03-31
under deliberation
2023-04-26
under deliberation
2023-05-02
adopted
2023-05-12
adopted