No Central Bank Digital Currency Payments to State.

This law prohibits any North Carolina state agency or court from accepting payments made with central bank digital currency issued by the Federal Reserve. It also bars these government entities from participating in any testing programs for such digital currencies run by the Federal Reserve. The bill defines central bank digital currency as a digital form of money directly issued or validated by the Federal Reserve System or a federal agency. Although the Governor vetoed the measure, it became law over his objections and applies immediately to all state institutions.