• Ron DeSantis, the governor of Florida, has signed a bill into law preventing the issuance and use of centralized bank digital currencies (CBDCs) in his state.
• DeSantis expressed his concern about CBDCs given they would be issued by standard institutions, allowing government figures to spy on what people were doing with their money.
• The new bill ensures that CBDCs cannot be issued nor utilized in the state of Florida, protecting financial autonomy and privacy for all its citizens.
Ron DeSantis Signs Anti-CBDC Crypto Bill
Ron DeSantis – the republican governor of Florida – has signed a new bill into law preventing the issuance and use of centralized bank digital currencies (CBDCs) in his state. This comes after he made clear his dislike for crypto assets during a press conference just over a week ago.
DeSantis’ Concern About CBDCs
DeSantis said he was concerned about CBDCs given they would be issued by standard institutions, thus allowing monetary executives and ultimately government figures to spy and look in on what people were doing with their money and how they were spending their hard-earned dollars. He also noted that Joe Biden and other democrats want to get rid of crypto since it is not something they can control.
Crypto Offers Financial Autonomy
Crypto was initially designed to give people full independence and control over their finances. The reason crypto is decentralized is because it was built to ensure no middlemen, prying eyes, or third parties could enter the arena and tell users what they could and could not do. Central bank digital currencies go against this very notion as they take on a form of centralization where governments have too much power when it comes to individual financial decisions.
No CBDCs Allowed in Florida
By signing this new bill into law, DeSantis has ensured that CBDCs cannot be issued nor utilized in the state of Florida; thus protecting financial autonomy and privacy for all its citizens from any governmental interference or snooping activities.
This move shows that Governor DeSantis is serious about protecting the rights of Floridians when it comes to matters concerning their finances; while also standing firmly against any attempts by politicians who may want to control how citizens spend their money through digital currency initiatives such as CBDCs