Here is the revised text with the sections on the central bank and taxation removed:
---
**Title: The Lebanese Bitcoin Legal Tender Act**
**Preamble:**
Whereas, the global financial landscape is evolving rapidly with the emergence of Bitcoin;
Whereas, recognizing the need to foster innovation, financial inclusion, and economic growth in Lebanon;
Whereas, understanding the potential benefits of adopting Bitcoin as a legal tender;
Now, therefore, be it enacted by the Lebanese Parliament as follows:
**Section 1: Definitions**
(a) "Bitcoin" refers to a decentralized digital asset that utilizes cryptography for security and operates on a blockchain or distributed ledger.
(b) "Legal tender" refers to the official medium of payment recognized by the government for settling financial transactions within the country.
**Section 2: Recognition of Bitcoin as Legal Tender**
(a) Bitcoin shall be recognized as legal tender in Lebanon for all transactions conducted within the country.
(b) Individuals, businesses, and government entities shall have the right to use Bitcoin for the purchase of goods and services and settlement of debts.
**Section 3: Consumer Protection**
(a) Consumers using Bitcoin for transactions shall have the same rights and protections as those using traditional forms of payment.
(b) Any fraudulent activities involving Bitcoin shall be subject to appropriate legal action and penalties.
**Section 4: Public Awareness and Education**
(a) The government shall initiate public awareness campaigns to educate citizens about the benefits, risks, and responsible use of Bitcoin.
(b) Educational programs shall be implemented to enhance the understanding of Bitcoin among businesses, financial institutions, and the general public.
**Section 5: Implementation and Transition**
(a) This Act shall come into effect [insert effective date].
(b) The government shall establish a transition period to facilitate the integration of Bitcoin as legal tender into the existing financial system.
(c) During the transition period, the government shall collaborate with financial institutions and businesses to ensure a smooth and secure transition to the use of Bitcoin.
**Section 6: Repeal of Inconsistent Laws**
Any laws or regulations inconsistent with the provisions of this Act are hereby repealed.
**Section 7: Severability**
If any provision of this Act or its application to any person or circumstances is held invalid, the remainder of the Act or the application of the provisions to other persons or circumstances shall not be affected.
**Section 8: Enactment**
This Act is enacted into law by the Lebanese Parliament on [insert date].
---
**BITCOIN BLOCKCHAIN Beirut Labs.**
**العنوان: قانون العملة القانونية للبيتكوين في لبنان**
**الديباجة:**
بما أن المشهد المالي العالمي يتطور بسرعة مع ظهور البيتكوين؛
وبما أننا ندرك الحاجة إلى تعزيز الابتكار والشمول المالي والنمو الاقتصادي في لبنان؛
