Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Stephen Alpher is CoinDesk’s co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
A legislative proposal from Florida Governor (and possible Republican U.S. presidential candidate) Ron DeSantis would prohibit the use of a national central bank digital currency (CBDC) as money within his state.
“Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance,” said DeSantis in a press release.
The proposed law would also prohibit in Florida the use of a CBDC issued by any overseas central bank. The governor’s statement calls on other states to adopt similar legislation.
President Joe Biden last year issued an executive order for the federal government to study the possible uses and risks of a CBDC.
In addition to privacy concerns, DeSantis said a federal CBDC would diminish the role of community banks and credit unions.
Sign up for Money Reimagined, our weekly newsletter exploring the transformation of value in the digital age.
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
DISCLOSURE
Please note that our
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
which invests in
and blockchain
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Stephen Alpher is CoinDesk’s co-regional news chief, Americas. He holds BTC and ETH above CoinDesk’s disclosure threshold of $1,000.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
https://www.coindesk.com/policy/2023/03/20/florida-governor-ron-desantis-proposes-law-to-ban-cbdcs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post Florida Governor Ron DeSantis Proposes Law to Ban CBDCs appeared first on BTC Ethereum Crypto Currency Blog.
Filed under: News - @ March 20, 2023 5:25 pm