North Carolina Governor Vetoes CBDC Ban Bill, Calls It ‘Premature’

Golden Finance reported that North Carolina Governor Roy Cooper vetoed a bill that would have prohibited the state from accepting payments in central bank digital currencies (CBDCs) issued by the Federal Reserve. House Bill 690 would also restrict the state from participating in any CBDC tests by the Federal Reserve. Cooper noted in a statement that the federal government is working to ensure that any CBDC has appropriate standards and protections for consumers. He added that vetoing the bill would open the door to those who might want to use CBDCs for transactions. Cooper said North Carolina should "wait and see" how CBDCs work before making a final decision. Cooper said the bill itself is not suitable for passage into law, adding: This legislation is premature, vague and reactionary, and imposes final consequences on important monetary decisions that have not yet been made.