The North Carolina House has passed a bill that would prohibit the state from accepting payments in the form of central bank digital currencies (CBDCs). The bill, which has been sent to the Senate for consideration, aims to protect the state's financial system from potential risks associated with CBDCs, such as the potential for fraud or abuse.

If the bill is passed into law, it would prohibit the state from accepting payments in the form of CBDCs, including any digital currency issued or backed by the Federal Reserve or any other central bank. The bill also includes provisions requiring the state treasurer to report any attempts to make payments in CBDCs to the state attorney general.

The bill's supporters argue that it is necessary to protect the financial stability and security of the state, and to prevent potential risks associated with CBDCs. However, critics have raised concerns that the bill could hinder innovation and growth in the digital currency industry, and that it may be difficult to enforce given the global nature of digital currencies.

(by Turner Wright)