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North Carolina House Votes in Favor of CBDC Ban

North Carolina’s House of Representatives unanimously voted in favor of a bill banning the acceptance of Central Bank Digital Currencies (CBDCs) by government entities. 

The vote on May 3 saw 118 House members agreeing to pass House Bill 690, while just two members abstained from the vote, and none voted against it. 

Alongside the acceptance ban, the bill would also prohibit the state from participating in Federal Reserve branch testing of a potential CBDC. 

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