<\/p>\n
North Carolina Governor Roy Cooper has declined to sign a bill that opposes the issuance and use of a Federal Reserve-backed digital currency in the state.<\/p>\n
Last week, Cooper, a Democrat, vetoed<\/a> a bill titled \u201cNo Central Bank Digital Currency Payments to State\u201d (HB 690), saying that it\u2019s too early to ban the use of central bank digital currency (CBDC) in North Carolina.<\/p>\n \u201cEfforts are being made at the federal level to ensure standards and safeguards are in place to protect consumers, investors and businesses that may want to make monetary transactions in digital assets and North Carolina should wait to see how they work before taking action.\u00a0<\/i><\/p>\n This legislation is premature, vague and reactionary and proposes an end result on important monetary decisions that haven\u2019t even been made yet. Instead of this bill, the legislature should have passed a budget to provide more funding for cybersecurity threats that actually exist now.\u201d<\/i><\/p>\n In May, members of North Carolina\u2019s House of Representatives unanimously passed<\/a> the bill with a 118-0 vote with two absentees in favor of the amended version of\u00a0HB 690<\/a>. North Carolina\u2019s Senate passed<\/a> the bill on June 25th.<\/p>\n If it had been approved, the bill would have prohibited the state\u2019s agencies and courts from using a digital dollar and participating in CBDC pilot tests.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" North Carolina Governor Roy Cooper has declined to sign a bill that opposes the issuance and use of a Federal Reserve-backed digital currency in the state. Last week, Cooper, a Democrat, vetoed a bill titled \u201cNo Central Bank Digital Currency Payments to State\u201d (HB 690), saying that it\u2019s too early to ban the use of […]<\/p>\n","protected":false},"author":2,"featured_media":340866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-340863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=340863"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340863\/revisions"}],"predecessor-version":[{"id":340869,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340863\/revisions\/340869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/340866"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=340863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=340863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=340863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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