In a May 12 tweet, Florida Governor Ron DeSantis expressed support for a proposed bill that seeks to ban the use of central bank digital currencies (CBDCs) as a form of currency within the state.
The legislation aims to put a ban on CBDCs, while emphasizing the governor’s position on the matter.
Amid these discussions, DeSantis has expressed support for legislation aimed at banning the use of CBDCs within the state.
He stressed the importance of preserving financial freedom for Florida citizens by opposing the idea of a digital dollar.
When the bill was first introduced, DeSantis said the Biden administration wanted to monitor and control people who use CBDCs.
at the same press release In March 2023, Florida State Chief Financial Officer Jimmy Patronis said the CBD would enable the federal government to track transactions on a massive scale, undermining privacy and potentially putting individual rights at risk.
The announcement comes just days after North Carolina lawmakers passed a bill to ban CBDC payments and prevent the state from testing the state-issued currency in the future.
Adoption is growing
In contrast to the position taken by Florida, CBDCs have gained a lot of interest around the world.
Several countries are exploring the architecture and design of a CBDC, with some regions, including China, at an advanced stage, testing the currency prior to integration.
Currently, the UK government is moving ahead with exploration of the digital pound. The Chancellor of the Exchequer, Jeremy Hunt, has announced that consultations will begin in the near future. They will aim to assess the feasibility of the digital pound and the potential design.