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  • Governor DeSantis signs ban on central bank digital currency

    05/12/2023 9:06:27 AM PDT · by PK1991 · 57 replies
    Fox4Now ^ | 5-12-2023 | WFTX Digital Team
    Governor Ron DeSantis signs legislation to ban a federally adopted central bank digital currency. DeSantis was joined by Commissioner Wilton Simpson and President Kathleen Passidomo at Southwest Florida Public Service Academy at Fort Myers Technical College. Governor Ron DeSantis announced comprehensive legislation to protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency (CBDC). The legislative proposal protects consumers and businesses from a federally controlled CBDC by: Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC). Instituting protections against a central global...