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Multiple state legislators file bills to exclude CBDCs from the definition of money
Numerous state legislators in the U.S. continue to express disapproval of central bank digital currencies (CBDCs) and have moved to clarify the definition of money before a digital dollar becomes a reality. Filings submitted to the state assemblies in Utah, South Carolina, South Dakota, and Tennessee show a growing movement by state Senators and Representatives to push back against referring to CBDCs as money. The bills in question look to exclude a CBDC from the definition of money, and if approved, could represent a significant roadblock in the creation of a digital dollar. South Carolina State Senator Shane Martin ... (full story)