12 USC 423 - Central bank digital currency

U.S Code last checked for updates: Jul 25, 2026

§ 423.

Central bank digital currency

(a)

Definitions

In this section:

(1)

Central bank digital currency

The term “central bank digital currency” means a digital asset that—

(A)

is denominated in United States dollars;

(B)

is a United States currency;

(C)

is a direct liability of the Federal Reserve System; and

(D)

is widely available to the general public.

(2)

Digital asset

(b)

Prohibition

(c)

Exception

(d)

Sunset

(e)

Rule of construction

(Dec. 23, 1913, ch. 6, § 16A, as added Pub. L. 119–101, title XI, § 1101, July 11, 2026, 140 Stat. 983.)

cite as: 12 USC 423