Bill Summary for H 690 (2023-2024)

Printer-friendly: Click to view

Summary date: 

Apr 18 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 690 (Public) Filed Tuesday, April 18, 2023
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.

View: All Summaries for BillTracking:

Bill summary

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.”