Florida Governor Ron DeSantis Now Calls For Ban On Central Bank Digital Currency

Key Points:

• Florida Governor Ron DeSantis has called for a ban on CBDC as money within Florida’s Uniform commercial code.
• DeSantis wants to protect the financial freedom of citizens and continue innovation in the financial sector.
• The introduction of a CBDC has become a vital talking point in the digital asset industry.

Florida Governor Ron DeSantis wants to forbid the use of CBDC as money within Florida’s Uniform commercial code, to protect the financial freedom of citizens and continue innovation in the financial sector. Learn more about his call for a ban on CBDC and the impact it could have.

Florida Governor Ron DeSantis has announced his support of legislation that would ban Central Bank Digital Currency (CBDC) as money within Florida’s Uniform commercial code. DeSantis stated his desire to protect the financial freedom of the citizens within the state and to continue innovation in the financial sector without CBDC.

DeSantis also expressed his concern about government access to personal transactions, stating that a CBDC would give officials a “direct view of all consumer activities” and could lead to the misuse of information. He warned that any way the government can get into society to exercise their agenda, they will do it, as seen in other parts of the world.

The introduction of a CBDC has become a vital talking point in the digital asset industry, and as countries are working on pilot programs for the implementation of such an asset, the US has begun discussions on its possible integration. However, DeSantis believes there is a stark difference between a CBDC and cryptocurrencies, stating the latter to be decentralized in nature.

The Governor took to Twitter to share a speech he gave regarding the implementation of a digital currency. In addition, Florida’s Voice reported DeSantis’ statements that the state will continue to support financial innovation while protecting against government surveillance over personal finance.

DeSantis’ call for a ban on CBDC in Florida has sparked a conversation in the industry, with many questioning the impact such a move would have on the state’s economy and the potential consequences of not having a CBDC in a world that is becoming increasingly digital.

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