TO AMEND THE UNIFORM COMMERCIAL CODE; TO DEFINE "CENTRAL BANK DIGITAL CURRENCY" UNDER THE UNIFORM COMMERCIAL CODE; AND TO MODIFY THE UNIFORM COMMERCIAL CODE DEFINITIONS OF "MONEY" AND "DEPOSIT ACCOUNT".

This Arkansas bill (SB 133, now Act 50) amends state commercial law to define "central bank digital currency" (CBDC) and clarify its exclusion from key financial terms. It adds a specific definition for CBDC as digital currency issued directly by central banks (like the Federal Reserve) or governments, and explicitly states CBDC is not considered "money" or a "deposit account" under the Uniform Commercial Code. These changes ensure CBDC is treated separately from traditional currency and bank deposits in commercial transactions. The bill directly affects how Arkansas financial institutions and legal systems categorize digital currencies issued by government entities.