HB377
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Amend KRS 41.070 and 45.345 and create a new section of KRS Chapter 65 to prohibit state and local governments from requiring use or payment of central bank digital currency; establish KRS Chapter 355A and create new sections thereof to define terms, establish property classifications for digital assets, and prohibit KRS Chapter 355A from applying to central bank digital currency; supplement and modify provisions of the Uniform Commercial Code, KRS Chapter 355, relating to the…
Introduced: February 6, 2025
Last action: February 12, 2025
Plain-language summary
This bill sets rules for how digital assets like cryptocurrency are treated under Kentucky law, covering everything from property classification and commercial transactions to custody by banks. It also blocks state and local governments from requiring anyone to use or accept a central bank digital currency. Businesses that sell certain types of digital tokens in Kentucky would need to file a notice with the Secretary of State before doing so. Who it may affect: Kentucky…
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