Strengthens Kentucky's economic infrastructure by recognizing gold and silver as legal tender and regulating virtual currency kiosks.
Advances the clean energy transition by recognizing gold and silver as legal tender for debts, taxes, and fees in Kentucky. Establishes a State Investment Commission to oversee the investment of state funds, prohibiting investments in central bank digital currency. Regulates virtual currency kiosks, requiring licenses, setting transaction limits, and mandating disclosures to users. Prohibits prohibited foreign parties from owning interests in digital asset mining businesses. Imposes penalties for violations and authorizes the Attorney General to take action against violators.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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