United States of America: Introduced Bill to Exclude Central Bank Digital Currency from Definition of Money (HB 164)
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament