US-CONGRESS BILLS-119hr10017ih: Permanent CBDC Ban Act
The Permanent CBDC Ban Act (H.R. 10017) proposes to prohibit the issuance of a central bank digital currency (CBDC) by the Federal Reserve, which could affect money services businesses and virtual currency firms by limiting future digital dollar infrastructure.
Aforeworn detected this change in the Money Services & Money Transmitters space on August 5, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. Payment processors, crypto/virtual-currency firms, remittance providers, and fintech wallets that may interact with or rely on central bank digital currencies. should confirm how it applies to their specific situation before acting. There is a time constraint attached: No immediate deadline; the bill is in the legislative process.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Money Services & Money Transmitters continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
The bill would ban the Federal Reserve from issuing a CBDC, potentially preventing the creation of a government-backed digital currency that could be used in money transmission and payments.
Who it affects
Payment processors, crypto/virtual-currency firms, remittance providers, and fintech wallets that may interact with or rely on central bank digital currencies.
What you must do
Monitor the bill's progress and assess potential impacts on business models that might depend on a future CBDC.
Deadline
No immediate deadline; the bill is in the legislative process.
Source: https://www.govinfo.gov/app/details/BILLS-119hr10017ih
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