.GovRonDeSantis has launched a preemptive strike against the possible use of CBDCs within his state of Florida. SteveAlpher reports
A legislative proposal from Florida Governor Ron DeSantis would prohibit the use of a national central bank digital currency 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 DeSantisThe 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.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.
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