Amends TCA Title 45.
Tennessee HB2060 prohibits banks from converting or digitizing consumer-held money into digital currencies, including cryptocurrencies, without obtaining express, written authorization from the consumer. This bill affects banks operating in Tennessee and their interactions with consumers regarding the handling of their funds. A key provision is the requirement for explicit consent from consumers before any such conversion can take place.
Tennessee HB2060 prohibits banks from converting or digitizing consumer-held money into digital currencies, including cryptocurrencies, without obtaining express, written authorization from the consumer. This bill affects banks operating in Tennessee and their interactions with consumers regarding the handling of their funds. A key provision is the requirement for explicit consent from consumers before any such conversion can take place.
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