Sen. Rick Scott Pushes Bill to Ban Chinese Digital Currency in U.S. Transactions

FIRST ON THE DAILY SIGNAL — Sen. Rick Scott, R-Fla., on Thursday reintroduced legislation that would prohibit U.S.-based money services businesses from using central bank digital currencies issued by the Communist Party of China, including the digital yuan. If enacted, the “Chinese CBDC Prohibition Act” would prohibit money services businesses from engaging in any transaction...