S. 3248 · 118th Congress
Chinese CBDC Prohibition Act of 2023
- Stage
- In committee
- Sponsor
- Rick Scott
- Introduced
- 2023-11-08
- Latest action
- 2023-11-08 · Introduced in Senate
Summary
Chinese CBDC Prohibition Act of 2023
This bill prohibits money services businesses (e.g., currency exchange providers or money order issuers) from engaging in transactions involving a central bank digital currency issued by China. Central bank digital currencies are digital currencies issued by a government-backed central bank.