Outlawing central bank digital currency

Bill LC 896 aimed to prohibit the state's central bank from issuing a digital currency and to ban its use within the state. It would have directly affected the central bank, financial institutions, and residents by making central bank digital currency illegal. The key provision would have been a legal ban on creating, distributing, or using such a currency. The bill was drafted in 2024 but died in the legislative process in 2025 without becoming law.