Indiana Code 5-27-2-1.7. “Central bank digital currency”
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1.7. “Central bank digital currency” means a digital:
(2) unit of account; or
(1) medium of exchange;
Terms Used In Indiana Code 5-27-2-1.7
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) store of value;
that is currently issued or adopted, or that may be issued or adopted, by the United States Federal Reserve System, the United States government, a foreign government, a foreign reserve system, or a foreign sanctioned central bank and that is made directly available to consumers by the issuing or adopting entity. The term includes any digital medium of exchange, digital unit of account, or digital store of value that is processed or validated directly by the issuing or adopting entity.
As added by P.L.21-2024, SEC.2.