According to Odaily, the North Carolina legislature has passed a bill restricting the state government's use and acceptance of the Central Bank Digital Currency (CBDC) issued by the Federal Reserve. The bill is currently awaiting approval from Governor Roy Cooper. If Cooper signs the bill into law, it will immediately prohibit state agencies and courts from accepting payments made using the CBDC. It will also ban relevant parties from participating in any CBDC tests conducted by any branch of the Federal Reserve.
The move by the North Carolina legislature is seen as a significant step in the ongoing debate about the role of digital currencies in the financial system. The bill's passage indicates a cautious approach by the state towards the adoption of CBDCs, reflecting concerns about their potential impact on the traditional financial system.
The bill's approval by Governor Cooper would mark a significant milestone in the regulation of digital currencies in the United States. It would set a precedent for other states considering similar legislation, potentially shaping the future of digital currency regulation in the country. The bill's impact on the development and adoption of CBDCs in North Carolina and beyond will be closely watched by stakeholders in the digital currency space.