Bill > S0834

This bill amends the South Carolina Code of Laws to exclude central bank digital currency from the definition of "money" for the purposes of the Uniform Commercial Code. It also defines "central bank digital currency" as a digital currency, medium of exchange, or monetary unit of account issued by the U.S. Federal Reserve, a federal agency, or a foreign government, central bank, or reserve system that is made directly available to consumers. The bill aims to prevent central bank digital currencies from being considered legal tender in commercial transactions within South Carolina.