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DeSantis against CBDCs

18 July 2023

Category

Ron DeSantis spoke up against central bank digital currencies, CBDCs. DeSantis, current Florida Governor and U.S. presidential candidate, said “If I will be the president, on day one, we will nix CBDCs.”

CBDCs are Central Bank Digital Currencies. These digital currencies are legal tender and guaranteed by the issuing central bank, therefore equipped with the same guarantees as the physical currency in circulation in the respective countries.

They can be defined as the digital version of fiat currency, which brings with it the conveniences of digital assets.

DeSantis - as governor -in March signed a document to prohibit the use of CBDC as money within Florida. Ron DeSantis Promises to Ban CBDCs if Elected President. It is to say that Democrats are still in silence about this subject.

DeSantis underlined that CBDCs would lead to a "massive transfer of power from consumers to a central authority".

SOURCE: CoinDesk

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