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North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies Because Clearly He Has No Idea What They Are Either

Crypto NewsFeaturedRegulation/Negotiation 1 Linda Williams August 15, 2024

An illustration: A confused-looking governor sits at his desk with papers scattered around him; a large clock ticks away on the wall behind as he holds up one hand to stop time. In front of him is an open book titled "Central Bank Digital Currencies" but it's upside down and has several pages torn out, while in the background there are two figures - one representing progress with a digital tablet under their arm walking towards the governor from afar; another figure represents caution holding up a shield to protect against potential threats.

Crypto bros are at it again! Trying to ban something they don’t understand because it’s “central bank” (code for: scary government). Meanwhile, actual experts like jstolfi and Jemima Kelly have been warning us about the dangers of CBDCs. But hey, who needs facts when you’ve got a bunch of conspiracy theories floating around? The governor is right to veto this bill – it’s premature and reactionary

Source: bitcoin.com

North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
https://news.bitcoin.com/north-carolina-governor-vetoes-bill-banning-state-use-of-central-bank-digital-currencies
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized the need for more funding for cybersecurity. Roy Cooper, Governor of the U.S. state of North Carolina, has vetoed House Bill 690 (HB 690), titled […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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