Bill > HB551

This bill prohibits governmental entities in Mississippi from using a central bank digital currency, which is defined as a digital form of money issued by a central bank like the U.S. Federal Reserve System or a foreign equivalent, and includes digital currencies, payment stablecoins (digital assets designed for payment that are pegged to a stable value), or digital units of account. The bill also amends existing law to explicitly state that the term "money" does not include a central bank digital currency, thereby clarifying that such digital currencies cannot be considered legal tender or standard currency for governmental transactions. This measure aims to prevent state and local government agencies from engaging with these new forms of digital currency for payments or other functions, with the prohibition taking effect on July 1, 2026.

Business and Industry

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0551.xml