Florida Guv Signs Anti-CBDC Bill Into Law
The use of CBDC from any country, including the United States, is prohibited in Florida as a result of a statute that Governor Ron DeSantis signed into law.
Following the signing on Friday, DeSantis charged that the Biden administration intended to “crowd out and eliminate other types of digital assets, like cryptocurrency.”
By “expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code; instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank; and calling on like-minded states to join Florida in adopting similar prohibitions within their respective Commercial Codes,” the proposed legislation aims to safeguard Florida’s citizens and businesses.
(With inputs from Shikha Singh)
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