Florida Governor Signs CBDC Bill Into Law, Restricting Some Uses of US and Foreign CBDCs
Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources.
The governor urged state lawmakers in March to draft the bill.
The new law prohibits the use of a United States federal CBDC “as money within Florida’s Uniform Commercial Code (UCC).”
It also bans the use of CBDCs issued by foreign governments and calls on other states to use their commercial codes to institute similar prohibitions.
At the signing ceremony for the bill, DeSantis said he was spurred into action by U.S. President Joe Biden’s administration’s studies of the new financial technology.
The United States does not have a CBDC and there are no current plans to introduce one.
“I don’t think they would have done that if they don’t intend on implementing this,” he said. Were a U.S. CBDC to be issued, it would be “a massive transfer of power from consumers to a central authority.“
Source: Coin Telegraph
