DeSantis bans CBDC in Florida. Central bank digital currency explained

Florida Governor Ron DeSantis signed legislation Friday banning any central bank digital currency (CBDC) issued by the U.S. for use in Florida.

The new law prohibits the use of a federally adopted CBDC as money within Florida’s Uniform Commercial Code (UCC), institutes protections against a central global currency by prohibiting any CBDC by a foreign reserve or sanctioned central bank and calls on likeminded states to join in adopting similar legislation.

“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said DeSantis in a press release when the bill was first introduced.

Ron DeSantis speaking outside by Matt Johnson is licensed under Flickr Flickr
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