Governor Ron DeSantis of Florida has proposed legislation that aims to protect residents of the state from the potential risks associated with a central bank digital currency (CBDC) and the increased government surveillance that may come with it.
Governor DeSantis has expressed his concerns regarding the potential risks associated with a central bank digital currency, including the possibility of increased government surveillance and the loss of individual privacy.
Additionally, he has argued that the use of CBDCs may threaten the financial system’s stability and could lead to inflation. He argued:
Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance.
Florida Follows Texas Steps To Prevent The Issuance Of CDBCs
Governor DeSantis’ proposed legislation is the latest…
