United States of America: Introduced Senate Bill to Exclude Central Bank Digital Currency from Definition of Money (SB 1764)
Description
Introduced Senate Bill to Exclude Central Bank Digital Currency from Definition of Money (SB 1764)
On 12 January 2024, Senate Bill SB 1764 was introduced to the Tennessee Senate, proposing modifications to the Tennessee Uniform Commercial Code (Tennessee UCC). The seeks to modify the definition of the term "money" to exclude any central bank digital currency (CBDC).
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament