North Carolina’s legislature has passed a bill to ban the state from accepting or testing a CBDC, which now heads to the governor for a final decision.
North Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reserve CBDC, potentially joining Louisiana.
North Carolina’s General Assembly on Wednesday passed a bill restricting the state’s government from using and accepting a Federal Reserve-issued central bank digital currency . House Bill 690 now heads to Governor Roy Cooper for approval after the state’s House passed the bill a 109-4into law, it would immediately bar the state’s agencies and courts from accepting “payment using central bank digital currency.”Highlighted excerpt of North Carolina’s H.B. 690. Source: North Carolina General AssemblyThe North Carolina bill’s wide support means if Cooper decides to veto, it could easily be overridden as it has support from over three-fifths of lawmakers in both chambers.
The BIS said that in the next six years, a central bank is more likely to issue a wholesale CBDC than a retail CBDC — the latter being for everyday users.
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