The Missouri Senate has introduced a bill, SB 194, which aims to ban central bank digital currencies (CBDCs) as legal tender within the state. The bill would prohibit public entities from accepting or using CBDCs and modify the definition of "money" under the Uniform Commercial Code to exclude these digital currencies. The bill also requires the State Treasurer to hold gold and silver reserves and reduces tax liability for these precious metals. The legislation reflects concerns among some state legislators regarding the implications of CBDCs on financial privacy, monetary policy, and state sovereignty. This move by Missouri is part of a broader national and global discussion on the adoption and regulation of CBDCs.



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