​North Carolina House passes bill banning CBDC payments to the | Crypto Bubble

​North Carolina House passes bill banning CBDC payments to the state

The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot.

The House of Representatives for North Carolina has unanimously passed legislation aimed at prohibiting payments to the U.S. state using a central bank digital currency, or CBDC.

In a May 3 vote, 118 members of the state’s legislative body agreed to pass House Bill 690, with only two representatives absent and none voting against the bill. The latest version of the legislation aimed to prohibit individuals from using CBDCs for any payments to the state, as well as bar the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot.

North Carolina lawmakers introduced the bill to the House in April, where it stayed in committee before readings and a full vote. The legislation proposed amending statutes to require “no State agency nor the General Court of Justice” accept payments using CBDCs or participate in Fed testing of a digital dollar.