North Carolina resists the CBDC tide with new payments ban
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal.
Privacy and sovereignty concerns over central bank digital currencies (CBDCs) mean that a digital dollar won’t be coming to the US state of North Carolina anytime soon.
On Sept. 9, the state’s Senate overrode the governor’s veto and passed into law a bill that forbids the state from accepting CBDCs as a form of payment.
The bill also prohibits the United States Federal Reserve from conducting any “testing” of a digital dollar in North Carolina.
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Author: Andrew Singer
