Kristi Noem vetoes bill that would have paved the way for central digital bank currency in South Dakota

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On Friday, South Dakota Governor Kristi Noem vetoed House Bill 1193, a bill which redefined the word money to exclude digital assets and laid the groundwork for a Central Bank Digital Currency (CBDC) as an official state-regulated currency, reports MSN.

According to Dakota News Now the South Dakota Freedom Caucus said in a statement they “profusely thanks Gov. Noem for vetoing HB 1193, a bill that would have created a path towards a China-style Central Bank Digital Currency.”

“At our urging, thousands of South Dakotans have called and written to the governor warning her of the dangers of this legislation and she has truly listened to the voice of the people,” the statement continued.

In February, the South Dakota Freedom Caucus launched a petition online to halt House Bill 1193 from advancing in the state legislature, as they claimed it would create a Central Bank Digital Currency (CBDC), a tool that could be used as a tool to “allow the government to decide what you can or cannot own.”

The Freedom Caucus announced the petition via a press release and cited comments last September made by Bo Li, the Managing Director of the International Monetary Fund (IMF), who said, “programming CBDC, that money can be precisely targeted for what kind of people can own and for what kind of use this money can be utilized, for example for food.”

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