Members of the North Carolina House of Representatives unanimously passed a new bill on central bank digital currency (CBDC), showing the state’s strong opposition to the issuance and use of a US digital dollar.
On Wednesday, representatives voted 118-0 with two absentees for the modified version of HB 690.
The bill aims to ban government agencies and courts from using a digital dollar and prohibit North Carolina from participating in CBDC pilot testing.
The proposed legislation, which was introduced in April, will now go under the title “No central bank payments in digital currencies on state” following the change of title.
“Prevents a government agency or the Court of Justice from accepting a payment using central bank digital currency (was, using cryptocurrency). Adds a ban on a government agency or the Court of Justice from participating in a test of central bank digital currencies by any branch of the Federal Reserve. Adds a severability clause. Changes the titles of the law.”
Dan Spullers, Blockchain Association Chief of Industry Affairs say the bill is now being referred to the senate.
“BREAKING: North Carolina House Unanimously Approves HB690: Ban Payments in CBDCs and Ban NC Participation in CBDC Testing.”
The development comes as the US explores the idea of adopting a CBDC.
Florida also expressed plans to oppose the adoption of a Federal Reserve-issued digital dollar as Governor Ron DeSantis vows to ban the use of CBDC in Florida.
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