The North Carolina General Assembly has taken the final steps to approve a bill that bars the federal government from executing a central bank digital currency in the Tar Heel State in the event that the Federal Reserve moves forward with the controversial addition to our monetary system. The Senate reconvened Monday in Raleigh and...
One month after supporting legislation restricting the implementation of a central bank digital currency in North Carolina, Democrats voted against overriding the governor’s veto of the bill during a House floor vote on Wednesday.
Both chambers of the North Carolina General Assembly have approved a bill that will bar the federal government from executing a central bank digital currency in the state of North Carolina. On Wednesday afternoon, the House concurred with the Senate on HB 690 in a 109-4 vote following the Senate’s 39-5 vote on Tuesday. It...
The US Federal Reserve will likely soon be prohibited from testing a Central Bank Digital Currency system in the state of North Carolina. The General Assembly has passed an act prohibiting payments to the state using central bank digital currency. The legislation, HB 690, also prohibits North Carolina from participating in the Federal Reserve branch’s...
