North Carolina Senate Revives Bill Prohibiting Federal Reserve CBDC
CryptoNewsTerminal Staff09 Sep, 2024
North Carolina Senate Revives Bill Prohibiting Federal Reserve CBDC
North Carolina's Senate has once again passed a bill to ban a central bank digital currency (CBDC) issued by the Federal Reserve, Cointelegraph reports. This bill was initially approved by both chambers but was vetoed by Governor Roy Cooper. However, it has since been reconsidered. The bill prohibits the state of North Carolina from accepting a CBDC as legal tender and prevents it from participating in any CBDC pilot programs run by the Federal Reserve. This move reflects growing concerns among lawmakers about the potential impact of CBDCs on monetary sovereignty and individual privacy.
