North Carolina Moves to Ban CBDCs with New Bill

by Sujha Sundararajan | Cryptonews.com

The US state of North Carolina, on Wednesday, won majority of votes from the Senate on the bill that seeks to ban central bank digital currencies (CBDCs). The legislation has moved to the Governor’s desk for approval.

If signed into law, the state can no longer involve in the Federal Reserve branch’s testing of any future CBDC. Further, it would also prohibit North Carolina agencies and courts from accepting any payments using CBDC, the bill noted.

According to Carolina Journal, the Bill 690 received a 109-4 vote from the Senate on Wednesday. This is an increase from 39-5 vote, recorded on Tuesday. Read Full Article >