Florida Governor Ron DeSantis signed legislation Friday banning any central bank digital currency (CBDC) issued by the U.S. for use in Florida.
The new law prohibits the use of a federally adopted CBDC as money within Florida’s Uniform Commercial Code (UCC), institutes protections against a central global currency by prohibiting any CBDC by a foreign reserve or sanctioned central bank and calls on likeminded states to join in adopting similar legislation.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said DeSantis in a press release when the bill was first introduced.
