North Carolina House Introduces Bill That Would Prohibit Payment To The State In Bitcoin

2023-4-22 22:52

House Bill 690, “No Cryptocurrency Payments to State,” would stop citizens of North Carolina from paying the state using bitcoin.

The General Assembly of North Carolina has introduced a bill that would ban the usage of bitcoin as payment to the state or state agencies. 

According to a source familiar with the matter, the original intent of the introduction of the bill was to prevent the usage of CBDCs in the state — however, the wording in the bill encompasses cryptocurrencies and bitcoin instead of CBDCs, and appears to be a direct anti-bitcoin and cryptocurrency usage bill.

The bill, which carries the short title of “No Cryptocurrencies Payments to State,” and is sponsored by House Representatives Warren and Brody, provides two definitions.

It defines cryptocurrency as, “digital or virtual currency that relies on cryptography to effect transfers and a decentralized network to record transactions,” and a state agency as “any institution, bureau, board, commission, officer or political subdivision of the State.”

The bill then proclaims that “no State agency shall accept a payment using cryptocurrency,” and that the “act is effective when it becomes law.”

Although short, the bill would be a step in the wrong direction for the state, which just recently saw other legislation pushed forward to halt bitcoin mining operations in the county encompassing the city of Asheville.

The source familiar with the matter stated that it is likely that this bill will be contested and that efforts to educate legislators will likely take place. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Toast.finance (HOUSE) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 5.1686 (-100%)

state bitcoin carolina north bill house citizens

state bitcoin → Результатов: 126


Arizona State Senate Advances Resolution to Explore Bitcoin ETFs In State Retirement Plans

The Arizona state Senate has taken a significant step toward considering the inclusion of Bitcoin ETFs in state retirement portfolios. A recently advanced resolution encourages lawmakers and state retirement fund managers to explore allocating some of these portfolios to Bitcoin ETFs, which have demonstrated success among institutional and retail investors.

2024-3-7 03:30


Bitcoin Tax Payments in Ohio is Now a Possibility

Ohio might just become the first state to successfully adopt Bitcoin as tax payment, after failed attempts from other states in the country. Ohio’s Cryptocurrency Initiative Set to Fly High According to the Wall Street Journal, businesses in Ohio can now pay its taxes, ranging from taxes from cigarette sales to employee taxes, using the […] The post Bitcoin Tax Payments in Ohio is Now a Possibility appeared first on Ethereum World News.

2018-11-27 13:05


Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center

Latest Bitcoin News Coinciding with BTC market pull back is morale boosting news that the US state of Ohio will begin accepting tax payments in Bitcoin. Spearheading this drive is the State Treasurer, Josh Mandel, who term the move efficient, secure, transparent and cheap especially for merchants and businesses that in days to come will […] The post Bitcoin Price Analysis: BTC/USD Stable at $4,000, Paraguay Gives Green Light For the World’s Largest Crypto Mining Center appeared first on Ethereum World News.

2018-11-26 17:10


Director of Enforcement at the Texas State Securities Board Talks Bitcoin, Cryptocurrencies, ICOs and Cybersecurity [Exclusive]

Regulatory compliance is one of the most (if not the most) stressful points surrounding cryptocurrencies. Regulators across the world strive to understand and effectively classify blockchain-based projects, in an attempt to protect the investing public from fraudsters who plague this nascent industry.

2018-11-26 16:29


Фото:

Colorado Securities Regulators Crack Down on 18 ‘Fraudulent’ ICOs, With More on the Way

The Colorado State Department of Regulatory Agencies (DORA) has filed cessation orders against four ICOs that were allegedly involved in ‘fraudulent and illicit’ practices, bringing the total number of ICOs stopped by the state’s bodies to 18 this month, Denver Business Journal reported on November 22, 2018.

2018-11-25 14:00


TradePlace ICO

TradePlace is a global cryptocurrency exchange platform. It will form a new innovative platform to trade Bitcoin, Ethereum, Litecoin, EOS and other popular cryptocurrencies and tokens. Users will receive expert analysis of the current state of coin and token pairs, and they’ll be able to withdraw their money easily and receive alerts for scam cryptocurrencies.

2018-11-25 02:33


Фото:

Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining

In recent regulatory news, the U.S. deputy attorney general has called for international cooperation on cryptocurrency regulation. Separately, the U.S. Federal Election Commission (FEC) has prepared a draft advisory that could allow political donations in the form of mining power, while the Alabama Securities Commission has estimated that the state has brought forward 20 percent […] The post Rosenstein Targets ICOs, FEC May Permit Political Donations Through Crypto Mining appeared first on Bitcoin News.

2018-11-23 02:40