Free Republic

While much of the financial transactions in the U.S. and globally are digital, a CBDC would be digital only and not available in a tangible form.. Florida could become one of the first states to reject via legislation plans by the Federal Reserve to implement a central bank digital currency. House Bill 7049 and related bill Senate Bill 7054 both define the terms of central bank digital currency and money for the purpose of the U.S Uniform Commercial Code, which is a uniformly adopted state law for the transaction of interstate commerce. Both bills would prohibit the use of both...