Central Bank Digital Currencies (cbdcs) If Governor Ron DeSantis has his way, he won’t be coming to Florida anytime soon.
one in Press releaseGovernor DeSantis said he intended with the bill to “protect Floridians from the Biden administration’s weaponization of the financial sector through central bank digital currency.”
It states that the law is necessary “to prevent the spread of vigilante ideology in the financial sector”.
The legislation was announced on Monday by DeSantis during a public appearance where he stood behind a podium emblazoned with the words “Big Brother Digital Dollar”.
Specifically, the new law would prohibit the use of federally issued CBDCs, or CBDCs from any other country, within Florida’s Uniform Commercial Code, the governor’s office said.
The declaration also called on other states to follow Florida’s example in an effort to “fight back against this concept nationwide”. However, so far no other US state has announced similar measures to guard against a potential CBDC.
“Monitoring and Controlling”
In a comment, Governor DeSantis – a popular Republican who is seen as a potential challenger to Donald Trump in the next presidential election – said a CBDC is more about control than it is about offering better financial services. Is:
“The Biden administration’s effort to inject a centralized bank digital currency is about surveillance and control. Today’s announcement will protect Florida consumers and businesses from reckless adoption of a ‘centralized digital dollar’ that will stifle innovation and foster government-sanctioned surveillance.
Florida will not side with economic central planners; We will not pursue policies that threaten individual economic freedom and security.”
DeSantis has also warned about CBDCs in the past. In March last year the The governor said he sees “a lot of threats” With centrally controlled digital currencies “someone in a central authority” “may be able to basically shut off access to buy certain goods.”
Although opposed to CBDCs, the governor is seen as pro-crypto in general, having in the past proposed a program that would allow trading Pay state duty using cryptocurrency,