Georgia § 50-1-13 Prohibition on governmental agencies from using central bank digital currency

Georgia Statutes

§ 50-1-13 — Prohibition on governmental agencies from using central bank digital currency

Georgia § 50-1-13

Title50

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Bluebook

O.C.G.A. § 50-1-13 (2026).

Text

(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)

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(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) No governmental agency shall participate in any test of central bank digital currency. Pursuant to Code Section 28-9-5 , in 2024, Code Section 50-1-12 , as enacted by § Ga. L. 2024, p. 782, 2/HB 1053, was redesignated as Code Section 50-1-13.