Bill Summary for H 690 (2023-2024)
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO PROHIBIT PAYMENTS TO THE STATE USING CENTRAL BANK DIGITAL CURRENCY OR PARTICIPATION BY THE STATE IN FEDERAL RESERVE BRANCH TESTING OF CENTRAL BANK DIGITAL CURRENCY.Intro. by Warren, Brody.
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Enacts new section GS 147-86.19 to prohibit state agencies from accepting cryptocurrency. Defines cryptocurrency as “digital or virtual currency that relies on cryptography to effect transfers and a decentralized network to record transactions.” Defines state agency as “any institution, bureau, board, commission, officer, or political subdivision of the State.”