Yuan

US Senators Rick Scott (R-FL), Ted Cruz (R-TX) and others have filed legislation that would prohibit the national government from issuing a central bank digital currency (CBDC). CBDC is a form of digital cash that can be tracked and regulated in real-time by a centralized regulatory authority.  In September of 2022, President Joe Biden announced […]

Washington, D.C.- Senator Rick Scott (R-Fl) filed legislation today to prevent transactions with Chinese digital currencies from occurring on American soil or with American companies.  Senator Scott’s Chinese CBDC Prohibition Act would prohibit money services businesses (MSBs) from engaging in transactions involving any digital currencies issued by the People’s Republic of China (PRC).  MSBs are […]