Indiana § 5-27-2-1.7 - "Central bank digital currency"
Full text of Indiana Indiana Code § 5-27-2-1.7 — "Central bank digital currency", with citation guidance and answers to common questions.
§ 5-27-2-1.7. "Central bank digital currency"
Sec. 1.7. "Central bank digital currency" means a digital:
(1) medium of exchange;
(2) unit of account; or
(3) store of value;
that is currently issued or adopted, or that may be issued or adopted, by the United States Federal Reserve System, the United States government, a foreign government, a foreign reserve system, or a foreign sanctioned central bank and that is made directly available to consumers by the issuing or adopting entity. The term includes any digital medium of exchange, digital unit of account, or digital store of value that is processed or validated directly by the issuing or adopting entity.
As added by P.L.21-2024, SEC.2.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-27-2-1.7
What does Indiana Code § 5-27-2-1.7 cover?
Section 5-27-2-1.7 (""Central bank digital currency"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-27-2-1.7?
A common citation format is "Indiana Code § 5-27-2-1.7" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-27-2-1.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.