Regulations has been launched in the American sigh of South Dakota to amend the Uniform Industrial Code (UCC) to limit the definition of money to exclude cryptocurrencies. Central financial institution digital currencies (CBDCs) would quiet be belief about money below the proposed new definition.
The 117-internet page amendment, launched into the sigh House of Representatives by Republican Mike Stevens, defines “money” as “a medium of exchange that is currently authorized or adopted by a home or foreign authorities. The time duration involves a monetary unit of yarn established by an intergovernmental organization or by agreement between two or more worldwide locations.” The bill continues:
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