HLS 22RS-1264 ORIGINAL
2022 Regular Session
HOUSE BILL NO. 985
BY REPRESENTATIVE WRIGHT
COMMERCE: Provides relative to virtual currency
1 AN ACT
2To amend and reenact R.S. 6:1032(6) and 1382(20)(a), relative to currency; to designate
3 virtual currency as a form of legal tender in this state; to provide definitions; to
4 remove a restriction from the definition of virtual currency; and to provide for related
5 matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 6:1032(6) and 1382(20)(a) are hereby amended and reenacted to read
8as follows:
9 §1032. Definitions
10 For the purposes of this Chapter:
11 * * *
12 (6) "Currency" means each of the following:
13 (a) the The coin and paper money of the United States or another country that
14 is designated as legal tender and circulates and is customarily used and accepted as
15 a medium of exchange in the country of issuance.
16 (b) Virtual currency as that term is defined in R.S. 6:1382.
17 * * *
18 §1382. Definitions
19 For the purposes of this Chapter:
20 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 22RS-1264 ORIGINAL
HB NO. 985
1 (20)(a) "Virtual currency" means a digital representation of value that is used
2 as a medium of exchange, unit of account, or store of value, and that is not legal
3 tender, whether or not denominated in legal tender.
4 * * *
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 985 Original 2022 Regular Session Wright
Abstract: Changes the definition of "currency" to include "virtual currency".
Present law defines currency as the coin and paper money of the United States or another
country that is designated as legal tender and circulates and is customarily used and accepted
as a medium of exchange in the country of issuance.
Proposed law retains present law and adds "virtual currency" to the definition, thus making
virtually currency a form of legal tender in the state.
(Amends R.S. 6:1032(6) and 1382(20)(a))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.