South Dakota joins Florida, Indiana in passing anti-CBDC bill
South Dakota’s state Senate passed the bill recently, barring a digital dollar from being defined as money in its UCC, a move whose impact experts are still debating.
South Dakota’s state Senate passed the bill recently, barring a digital dollar from being defined as money in its UCC, a move whose impact experts are still debating.
Governor Kristi Noem vetoed HB 1193, a bill that excludes digital currencies like BSV from being termed money but included the yet-to-launch digital dollar.
If the proposed bill fulfills the legislative requirements, the amendments are expected to come into effect on July 1, 2024.
Anchorage will now set up a registered crypto investment arm in South Dakota after receiving it’s charter.