Florida to ban CBDC adoption

Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.

Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or cryptocurrency, a CBDC is directly controlled and issued by the government to consumers, giving government bureaucrats the ability to see all consumer activity and the power to cut off access to goods and services for consumers”.

DeSantis maintains his position as a measure to protect citizens from what he considers “weapons of the Biden government” and calls on federal entities to join this decision.

DeSantis’ proposal “seeks to protect Florida consumers and businesses from the reckless adoption of a centralized dollar that will stifle innovation and promote government-sanctioned surveillance.”

The official stresses that Florida will not bow to Biden’s policies, which can threaten economic freedom as well as personal security.

Security is the cornerstone of regulation against CBDCs, which give the government the power to track citizen transactions.

Tarren Bragdon, an executive with the Foundation for Government Accountability, has given his support to Governor DeSantis and has added: “Our money (the US dollar) says ‘In God We Trust.’ The central bank digital currency would change that to ‘In Government We Trust’. That is wrong, and I am grateful for the Florida Governor’s continued pushback of an out-of-control DC bureaucracy.”

M.Pino

Source: morocotacoin

(Reference image source: Brandon Mowinkel, Unsplash)

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