Chinese CBDC Prohibition Act of 2023

United States118th CongressS-3248Senate
Updated: Nov 8, 2023

Summary

Chinese CBDC Prohibition Act of 2023 This bill prohibits money services businesses (e.g., currency exchange providers or money order issuers) from engaging in transactions involving a central bank digital currency issued by China. Central bank digital currencies are digital currencies issued by a government-backed central bank.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-804: Chinese CBDC Prohibition Act of 2023

Introduced in House

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate

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