North Carolina's House of Representatives has voted 118-0 in favor of a bill banning digital dollar payments to state agencies and institutions. The bill was initially seeking to ban crypto payments to the state. iamsandali reports.
North Carolina's House of Representatives on Wednesday unanimously passed a bill prohibiting the state's agencies and institutions from accepting payments in central bank digital currencies ., in its second reading, that would prevent the state's court system or any agencies tied to the state from accepting a Fed Reserve-issued digital dollar. The bill also bans the state from participating in any pilot tests CBDCs.
But U.S. lawmakers are increasingly opposing the issuance of a digital dollar, with Florida Gov. Ron DeSantis proposing similar legislation to ban CBDC payments in his state. Crypto ally Rep. Tom Emmer The North Carolina bill was, in fact, introduced in early April under the title"No Cryptocurrency Payments to State," and was changed to focus on digital currencies issued by the U.S.
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