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IPFS News Link • Central Banks/Banking

Texas Introduces Bill to Ban Central Bank Digital Currency (CDBC)

• Watcher.Guru

Texas is introducing a bill to ban a central bank digital currency (CBDC) in the state. The bill was introduced today by the 88th Legislature.

A central bank digital currency (CBDC) is a digital form of money that is a liability of the Federal Reserve, rather than a liability of commercial banks.