Gov. DeSantis Bans Central Bank Digital Currency in Sunshine State

On Friday, Florida Governor Ron DeSantis signed legislation to ban Central Bank Digital Currency (CBDC) in the state of Florida. He’d teased doing so earlier this year, but now the governor has effectively done it!

He said while speaking at the Florida Public Safety Academy at Fort Myers Technical College, that he will protect the financial independence of Floridians as federal bureaucrats push their idea of a Central Bank Digital Currency.

“This is something that Joe Biden announced, I think, last year, to say, hey — we need to study this, we need to see what would happen with CBDC [and] how that would work. And I don’t think they would have done that if they don’t intend on implementing this,” DeSantis explained.

He noted that CBDC would be a “digital dollar” controlled by the federal government, which means they would be able to track what you spend your money on, and even control your money as well.

Every governor in the United States would be smart to ban it.

“I think they want to crowd out and eliminate other types of digital assets like cryptocurrency because they can’t control that. So they don’t like that. Once they then have the ability to run a central bank digital currency, they’re going to be able to have the window into what you’re doing with the money and have the ability to control where that money is going,” DeSantis warned.

“Maybe you bought a firearm last week [and] they don’t want you to buy another one this week. So that would empower the government to do, I think, a lot of things that would not be conducive to freedom,” he continued.

“I think that anyone with their eyes open could see the dangers, that this type of an arrangement would mean for Americans who want to exercise their financial independence, and we’d like to be able to conduct business without having the government know every single transaction that they’re making in real time,” the governor said.

“We are not going to be adding central bank digital currency to our Uniform Commercial Code. But we also said, you know what? We need to provide protections for Floridians against this. And so we’ll put in the Uniform Commercial Code, that is something we don’t recognize,” he added.

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