North Carolina Governor Vetoes CBDC Ban Bill, Calls It ‘Premature’
Governor Roy Cooper of North Carolina vetoed a bill that would have prohibited the state from accepting payments in central bank digital currency (CBDC) issued by the Federal Reserve. House Bill 690 would have also restricted the state from participating in any CBDC testing by the Federal Reserve.
In a statement, Cooper noted that the federal government is working to ensure that any CBDC has appropriate standards and consumer protections. He added that vetoing the bill would open the door for those who may want to use CBDC for transactions.
Cooper stated that North Carolina should "wait and see" how CBDCs operate before making a final decision. He said that the bill itself was not suitable to pass into law, adding that the legislation was premature, ambiguous, and reactionary, and provided a final result for important monetary decisions that have not yet been made.
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