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 (CBDC).
House Bill 690 now heads to Governor Roy Cooper for approval after the state’s House passed the bill a 109-4 vote on June 26 — a day after the Senate passed the bill in a 39-5 vote.
If Cooper signs the bill into law, it would immediately bar the state’s agencies and courts from accepting “payment using central bank digital currency.”
