DeSantis Takes Stand Against CBDCs in Florida

1 min read
Source: WFLA
DeSantis Takes Stand Against CBDCs in Florida
Photo: WFLA
TL;DR Summary

Florida Governor Ron DeSantis signed two bills banning a centralized federal digital currency and government surveillance of finances, claiming that the Biden administration's Central Bank Digital Currency (CBDC) is a "surveillance and control" attempt. The Federal Reserve clarified that it is not imposing any digital currency, but is launching a FedNow payment service in July 2023 to speed up payments for individuals and businesses.

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