Under existing law, the Uniform Commercial Code defines "money" as a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or agreement between two or more countries. This bill would provide that the term "money" does not include a central bank digital currency, as defined therein.

Statutes affected:
Introduced: 7-1-201, 7-1-201