North Carolina House votes for CBDC ban

North Carolina House votes for CBDC ban
The House of Representatives of North Carolina unanimously voted for a draft law that prohibits the acceptance of digital currencies of the central bank (CBDCS) by government agencies.
The legislation follows a wave of loud opposition to CBDCs from the Republican Party, together with some critics from the democratic side.
north Carolina rejects CBDCS
When voting on May 3, 118 members of the House of Representatives agreed to adopt the House Bill 690, while only two members of the voice were abandoned and nobody voted against it.
In addition to the ban on acceptance, the draft law would also prohibit the state to take part in tests of a potential CBDC through the Federal Reserve.
The draft law was originally presented to the House of Representatives in April with the title "An act for banning payments in cryptocurrency to the state", but changed on May 2 to replace the word "cryptocurrency" with "digital currency of the central bank". The latter is defined as "a digital currency, a digital exchange or a digital currency unit, which is issued by the US Federal Reserve system or a federal authority and made available directly to a consumer of such institutions".
After three readings in the House of Representatives and successful farewell, the law now has to go through the Senate and then by governor Roy Cooper before it can come into force. North Carolina is not the first to reject CBDCs: Governor from Florida ron desantis last March, the use of the states, the use of To ban CBDC as money within the uniform Commercial Code from Florida. At that time, he criticized CBDCs that they gave the government "a direct overview of all consumer activities", which could be used to prevent "access to goods and services" such as China's digital yuan. Republican congress members including Tom Emmer and ted cruz have also tried to introduce federal laws that banned the implementation of CBDCs by the central bank, And branded them as an intervention in privacy. Former and current presidential candidates of the Democrats- tulsi gabbard and Robert kennedy jr The Board of Commissioners from Buncombe County in North Carolina also approved a one-year moratorium for Bitcoin mining on Tuesday, since there are concerns about noise and pollution that arises from such systems. democratic politicians have often spoken out against Bitcoin mining because of its contribution to greenhouse gas emissions. The White House of Biden published A Blog entry This week he asked the congress to impose a 30 percent tax on the Bitcoin mining industry so that it must arise for its "social damage". . Bitcoin ban mining