theblock.co·May 20, 2026
The new legislation prohibits state entities from accepting or mandating payments in Central Bank Digital Currency (CBDC) while providing significant support for cryptocurrency mining.
The new legislation's ban on state entities accepting CBDC payments highlights an opportunity for fintech companies to focus on expanding services related to crypto mining, as the legislation provides strong support for this area. This shift could signal a need for developing infrastructure and services that cater to the growing crypto mining sector instead of state-level CBDC integration.