{"id":49623,"date":"2023-05-12T19:02:00","date_gmt":"2023-05-12T23:02:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=49623"},"modified":"2023-05-12T19:03:30","modified_gmt":"2023-05-12T23:03:30","slug":"florida-becomes-first-us-state-to-outlaw-cbdcs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/florida-becomes-first-us-state-to-outlaw-cbdcs\/","title":{"rendered":"Florida Becomes First US state to Outlaw CBDCs"},"content":{"rendered":"\n

Governor Ron DeSantis of Florida outlawed the usage of Central Bank Digital Currencies<\/a> (CBDCs) in his jurisdiction on Friday.<\/p>\n\n\n\n

\"Florida
Florida Becomes First US state to Outlaw CBDCs<\/figcaption><\/figure>\n\n\n\n

Florida Governor, Ron DeSantis\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, has outlawed the issue and usage of Central Bank Digital Currencies (CBDCs) in the state, which surprises the US government. <\/p>\n\n\n\n

The new law would also safeguard Floridians against the introduction of a digital currency produced by the Federal Reserve, which is anticipated to occur this year's summer.<\/p>\n\n\n\n

The 46th governor of Florida has been open about stating his belief that a digital currency controlled by the government may have several catastrophic downsides. <\/p>\n\n\n\n

DeSantis consequently put out new legislation that would make using government-backed digital money in March of this year. The measure seeks to make it unlawful to consider any CBDC as a form of legal money under the Florida Uniform Commercial Code. <\/p>\n\n\n\n

Additionally, it has put measures in place to shield the nation from any outside pressure to accept the official currency. DeSantis has also asked the governments of the other US states to work together to enact laws<\/a> of a similar kind.<\/p>\n\n\n\n

DeSantis' Conflict with the CBDC<\/h2>\n\n\n\n

DeSantis announced his plan to outlaw the usage of CBDCs in a press release on March 20. He also said that investors and consumers would be protected from the spread of digital currencies<\/a>, which threatened the freedom and security of Florida residents. <\/p>\n\n\n\n

The Governor was reported as saying the following while taking a shot at the US government:<\/p>\n\n\n\n

\n

“It will protect Floridians from the Biden administration\u2019s weaponization of the financial sector through a Central Bank Digital Currency”<\/p>\n<\/blockquote>\n\n\n\n

The 44-year-old Republican has previously made similar claims, claiming that the government's introduction of a digital currency is about “surveillance and control” and violates the privacy of Floridians.<\/p>\n\n\n\n

Following the release of this cryptocurrency news, the cost of Bitcoin decreased by 0.08% over the previous hour and is now trading at $26,321.57.<\/p>\n","protected":false},"excerpt":{"rendered":"

Governor Ron DeSantis of Florida outlawed the usage of Central Bank Digital Currencies (CBDCs) in his jurisdiction on Friday. Florida Governor, Ron DeSantis , has outlawed the issue and usage of Central Bank Digital Currencies (CBDCs) in the state, which surprises the US government. The new law would also safeguard Floridians against the introduction of […]<\/p>\n","protected":false},"author":43,"featured_media":49626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4161],"tags":[774,8325,13831],"class_list":["post-49623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbdc","tag-cbdcs","tag-florida-2","tag-ron-desantis"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/croc_1683915900188.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=49623"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49626"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=49623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=49623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=49623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}