Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The US Senate has introduced multiple bills opposing the definition of "currency" for CBDCs

The US Senate has introduced multiple bills opposing the definition of "currency" for CBDCs

2024/01/17 08:45

Cointelegraph reported that the states of Utah, South Carolina, South Dakota, and Tennessee have submitted bills opposing the classification of central bank digital currency (CBDC) as legal tender. The bills submitted by different states will explicitly exclude CBDC from their definition of currency, potentially creating significant obstacles to its use in those states.

Senator Frank Niceley introduced the bill in the Tennessee Senate on January 12th. According to the Uniform Commercial Code (UCC) of Tennessee, "currency" is an authorized medium of exchange. However, the proposed bill would add the phrase "excluding any central bank digital currency" to this definition.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!