The governor said the proposal would also prohibit any CBDC issued by a foreign reserve or government-sanctioned central bank. “This will ensure that any effort to adopt a worldwide digital currency will never occur in the Free State of Florida,” he said.
Does Florida have an anti-CBDC Bill?
Sign up here! ( Kitco News) - Florida Governor Ron DeSantis has signed an anti-CBDC bill into law, banning the use of American or foreign central bank digital currency (CBDC) in the state.
What does Florida's CBDC proposal mean for the financial sector?
He said the proposal will make sure Florida continues to support innovation in the financial sector “while protecting against government surveillance over your personal finances.” CBDC is a digital form of central bank money that is widely available to the general public.
What is CBDC & how does it work?
What is CBDC? The Federal Reserve defines CBDC as “a digital form of central bank money widely available to the general public.” In the U.S., there are two types of central bank money: Physical money issued by the Federal Reserve and digital balances held by commercial banks at the Federal Reserve.
