AN ACT relating to measures to strengthen Kentucky's economic infrastructure.

Short title: Kentucky Transactional Gold and Silver Act

Amend KRS 369.130 to add and modify various definitions; create a new section of KRS 369.130 to 369.139 to prohibit the Commonwealth of Kentucky and governing authorities from issuing, recognizing as legal tender, accepting or requiring as payment, or participating in any test of central bank digital currency; create new sections of KRS 369.130 to 369.139 and KRS Chapter 393 to prohibit ownership of digital asset mining businesses by prohibited foreign parties; provide for enforcement…

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This bill would have made several changes to how Kentucky handles digital and physical currencies. It would have banned the state from using or accepting central bank digital currency, regulated cryptocurrency kiosks (ATM-like machines that convert cash to digital currency), allowed the state to invest a portion of funds in gold and silver bullion, and recognized gold and silver coins as legal tender in Kentucky. It also would have prohibited foreign adversaries from owning cryptocurrency…

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