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The study would examine the possible impact of holding crypto and how the state would custody a digital currency.

Florida Gov. Ron DeSantis explains state‘s CBDC "ban." (CoinDesk screen grab from governor‘s office video)

Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.

North Carolina House Passes Bill Banning State Agencies From Accepting CBDCs

The latest version of the legislation included limiting the Federal Reserve from using the U.S. state as a potential testing ground for its own CBDC pilot.

North Carolina House votes to ban state institutions from accepting CBDC payments. (MoMo Productions/Getty)

The federal investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber.