Navigation Gov. DeSantis enacts SB 7054 outlawing Central Bank Digital Currency statewide
A Gov. Ron DeSantis decision to outlaw a United States Central Bank Digital Currency (CBDC) statewide is important because it ensures transactions will remain private and confidential, according to a Florida attorney.
“All of the transactions would be known by the government, monitored by the government, and could be controlled by the government under a Central Bank Digital Currency,” said Liberty Counsel founder Mat Staver. “So, it really even goes beyond a cashless society and heading towards a government-controlled monetary system that has a serious impact on restricting your freedom.”
Senate Bill 7054 prohibits the use of a United States CBDC and a foreign-issued CBDC by excluding them from the definition of money within Florida’s Uniform Commercial Code.
