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North Carolina Blocks CBDCs with New Law

  • North Carolina has passed a law blocking the use of CBDCs for payments and prohibiting the testing of a digital dollar in the state.
  • The state aims to protect financial privacy and independence by rejecting a federal central bank digital currency.
  • However, since no major country has fully rolled out a CBDC, the impact of the law may be more symbolic than practical.
  • There are also doubts about the legal power of North Carolina to block the federal government from testing or accepting a CBDC.

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