Florida governor supports state bill banning CBDCs

Governor Ron DeSantis of Florida expressed his support for the proposed legislation that seeks to prohibit the use of Central Bank Digital Currencies (CBDCs) as a form of currency within the state, citing the importance of preserving financial freedom for citizens. He also criticized the Biden administration’s alleged desire to survey and control people through CBDCs. Florida’s Chief Financial Officer, Jimmy Patronis, also raised concerns about the potential erosion of privacy and individual rights through the use of CBDCs.

This announcement follows North Carolina’s recent passage of a bill banning CBDC payments and testing state-issued coins. However, CBDCs have gained significant attention globally, with several countries exploring their architectures and designs. China is currently testing its CBDC ahead of integration, whereas the UK government is exploring the feasibility and potential design of a digital pound. The Chancellor of Exchequer Jeremy Hunt announced that a consultation would be initiated in the near future.

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