North Carolina S975 directs a study on digital asset payments for state fees and household remittance costs.

North Carolina S975, the State Digital Asset Payments Study Act, mandates the Department of State Treasurer to conduct two studies. The first study evaluates the feasibility, risks, and benefits of accepting digital assets as payment for certain state fees, focusing on operational, technological, and regulatory aspects. The second study examines household remittance costs and international payment mechanisms to reduce transaction costs for North Carolina residents. The act appropriates $50,000 for these studies, which must be completed by January 15, 2027.

North Carolina S975 directs a study on digital asset payments for state fees and household remittance costs.

North Carolina S975, the State Digital Asset Payments Study Act, mandates the Department of State Treasurer to conduct two studies. The first study evaluates the feasibility, risks, and benefits of accepting digital assets as payment for certain state fees, focusing on operational, technological, and regulatory aspects. The second study examines household remittance costs and international payment mechanisms to reduce transaction costs for North Carolina residents. The act appropriates $50,000 for these studies, which must be completed by January 15, 2027.