Bill > HB1441

This bill establishes new definitions and legal provisions related to specie (precious metal) legal tender and central bank digital currencies (CBDCs) in North Dakota. The bill defines specie legal tender as gold or silver coins issued by the United States, and clarifies that such specie is legal tender in the state, with no tax liability arising from its exchange or sale. Importantly, the bill explicitly states that a United States central bank digital currency (CBDC) is not legal tender. The bill modifies existing state law to exclude CBDCs from the definition of "money" and adds a specific definition for United States central bank digital currency as a digital currency or digital medium of exchange issued by the Federal Reserve system. The legislation provides protections for individuals, stating that no person can be required to offer or accept specie legal tender for payments, and they will not incur liability for refusing to do so except as specified in a contract. By creating these definitions and provisions, the bill appears to be proactively addressing potential future monetary innovations and establishing clear legal boundaries for alternative forms of currency in North Dakota.

Budget and Finance, Business and Industry

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1441.html