ENTITLED An Act to regulate the acceptance of a central bank digital currency.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That chapter 51A-1 be amended with a NEW SECTION:

Neither the state nor any of its agencies or subdivisions may accept a central bank digital currency, whether foreign or domestic, as payment for taxes, fees, tuition, admission, the settlement of any account or debt, or any other purpose.

For the purposes of this chapter, the term "central bank digital currency" means a national digital currency issued by a central bank that is widely available to the general public.

Section 2. That chapter 51A-1 be amended with a NEW SECTION:

A person engaging in the purchase or sale of any goods or services or trading in financial products or services and who accepts central bank digital currency must also accept another form of legal tender.

An Act to regulate the acceptance of a central bank digital currency.