South Dakota Draft Bill Classifies CBDC as Money, Excludes Crypto

South Dakota Draft Bill Classifies CBDC as Money, Excludes Crypto

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The state of South Dakota has proposed a new bill that makes specific revisions to what constitutes money. The bill explicitly excludes Bitcoin and other existing digital assets from the definition of money while including central bank digital currencies (CBDCs). Proposed Bill in South Dakota Bans…

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