Federal SB4601 prohibits U.S. money services businesses from engaging in transactions involving Chinese central bank digital currency.
Federal SB4601, known as the Chinese CBDC Prohibition Act of 2026, amends the U.S. Code to prohibit money services businesses from engaging in any transaction involving a central bank digital currency issued by the People’s Republic of China. This includes both direct and indirect transactions. The bill aims to prevent U.S. financial entities from participating in digital currency activities with China.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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