Idaho H0750 amends existing law to regulate programmable money, defining terms, limiting uses, and establishing penalties.

Idaho H0750 amends existing law to establish provisions regarding programmable money. It defines "programmable money" as a medium of exchange that can be encoded with specific rules and conditions. The bill limits the use of programmable money by prohibiting issuers from requiring its use without offering a non-digital alternative. It also prohibits issuers from denying transactions based on certain factors, such as lawful activities. The bill provides remedies for aggrieved parties and establishes criminal penalties for violations.

Idaho H0750 amends existing law to regulate programmable money, defining terms, limiting uses, and establishing penalties.

Idaho H0750 amends existing law to establish provisions regarding programmable money. It defines "programmable money" as a medium of exchange that can be encoded with specific rules and conditions. The bill limits the use of programmable money by prohibiting issuers from requiring its use without offering a non-digital alternative. It also prohibits issuers from denying transactions based on certain factors, such as lawful activities. The bill provides remedies for aggrieved parties and establishes criminal penalties for violations.