The Anti-CBDC Surveillance State Act prohibits Federal Reserve banks from offering certain products or services directly to individuals and bans the.
The Anti-CBDC Surveillance State Act amends the Federal Reserve Act to prohibit Federal Reserve banks from offering products or services directly to individuals, maintaining accounts on their behalf, or issuing central bank digital currency. It also bars the Board of Governors of the Federal Reserve System and the Federal Open Market Committee from using central bank digital currency for monetary policy. The act expresses the sense of Congress that the Board of Governors lacks authority to issue such a currency without explicit congressional approval.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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