Georgia Statutes
§ 50-1-13 — Prohibition on governmental agencies from using central bank digital currency
Georgia·Title 50
(a)As used in this Code section, the term:
(1)"Central bank digital currency" means a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the Federal Reserve System, a federal reserve bank, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system:
(A)That is made directly available to a consumer by such entities;
(B)That is made available to a consumer by such entities indirectly via a contract with a third party or otherwise; or (C) That is processed or validated directly by such entities.
(2)"Governmental agency" means any board, commission, department, authority, other agency, or political subdivision of the state.
(b)No governmental agency shall accept a payment using central bank digital currency.
(c)
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 50-1-13 (Prohibition on governmental agencies from using central bank digital currency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by 2024 Ga. Laws 593,§ 2, eff. 7/1/2024.
Nearby Sections
15
§ 50-1-1
Agency mailing lists; updating; restriction on mailing materials to officials no longer in office§ 50-1-3
Poet laureate§ 50-1-4
Employment position to remain open upon granting of involuntary separation benefits by state agency§ 50-1-9
Replacement of state licenses, identification cards, and other documents after natural disaster§ 50-10-1
Short title§ 50-10-10
Liberal construction