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The North Carolina parliament is trying to push through the ban on the central bank's digital currency

Bits.media / 05.08.2024 / 20:38
The North Carolina parliament is trying to push through the ban on the central bank's digital currency
The North Carolina House of Representatives has overcome the veto of the governor of the state. The governor overturned the decision of the parliament, the General Assembly, to prohibit state institutions and courts from accepting payments in the digital currency of the central bank.  

Thanks to the veto override, the bill, which effectively banned any operations in the digital currency of the US central bank (CBDC) in North Carolina, was again under consideration by lawmakers. The bill has been referred to the Rules Committee of the Senate of the state Parliament. If the Senate of the General Assembly supports the decision of colleagues from the lower house, the House of Representatives, then the document will become law, bypassing the opinion of the governor.

The Governor Roy Cooper A month ago, he vetoed a bill banning the circulation of CBDC, which was unanimously approved by both chambers of the General Assembly. Cooper explained the decision by saying that the approved bill is "premature, uncertain and reactionary, and also proposes to make a final decision on extremely important monetary issues, regarding which the Federal Reserve has not even decided yet." There is no need to adopt a law, the governor explained, since the US Federal Reserve administration has repeatedly stated that it does not intend to impose its CBDC policy on the states.

Earlier, the House of Representatives of the US Congress passed a similar bill prohibiting the Federal Reserve System from designing and testing CBDC.

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