SB112

South Dakota would establish a new gold and silver-based currency system that allows residents to buy, sell, and spend precious metals through an electronic payment platform backed by bullion stored in state-approved depositories. The state treasurer would authorize private depository agents to manage the storage facilities and oversee the electronic payment system that treats gold and silver as legal tender for paying debts and taxes. This creates an alternative currency option alongside traditional U.S. dollars for South Dakota residents and businesses.

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