North Carolina General Statutes Chapter 147. State Officers § 147-86.19. Central bank digital currency payments prohibited

Current as of January 01, 2023 | Updated by Findlaw Staff

(a) The following definitions apply in this section:

(1) Central bank digital currency.--A digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States Federal Reserve System or a federal agency that is made directly available to a consumer by such entities. The term includes a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States Federal Reserve System or a federal agency that is processed or validated directly by such entities.

(2) General Court of Justice.--Includes any agency, institution, bureau, board, commission, or officer of the General Court of Justice as defined in Article IV of the North Carolina Constitution.

(3) State agency.--Includes any institution, bureau, board, commission, officer, or political subdivision of the State.

(b) No State agency nor the General Court of Justice shall accept a payment using central bank digital currency.

(c) No State agency nor the General Court of Justice shall participate in any test of central bank digital currency by any Federal Reserve branch.

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Cite this article: FindLaw.com - North Carolina General Statutes Chapter 147. State Officers § 147-86.19. Central bank digital currency payments prohibited - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-147-state-officers/nc-gen-st-sect-147-86-19/

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