desantis-against-cbdcs-themetaeconomist

DeSantis against CBDCs

18 July 2023

Category

Share on:

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

READ ABOUT DUBAI: STOP FOR BITOASIS…

Follow us on Instagram @themetaeconomist 

No active "ca-sidebar-59" sidebar
Recent Post
crypto-onboarding-themetaeconomist

Transak and Cometh together for world's first solution for crypto onboarding from fiat to layer

crypto-mining on farms UAE-themetaeconomist

Why UAE decided to ban crypto-mining on farms and agricolture

solar energy and blockchain-themetaeconomist

Solar energy and blockchain to win the ecological challenges

A dive into the future of technological innovations in Milan

Address Poisoning attacks-themetaeconomist

What do you know about Address Poisoning attacks?

ftx refunds customers-themetaeconomist

FTX's collapse, customers to be repaid?

1 2 3 63
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu