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Governor DeSantis signs ban on central bank digital currency

Governor Ron DeSantis
Posted at 7:53 AM, May 12, 2023
and last updated 2023-05-12 12:24:19-04

FORT MYERS, Fla. — Governor Ron DeSantis signs legislation to ban a federally adopted central bank digital currency.

DeSantis was joined by Commissioner Wilton Simpson and President Kathleen Passidomo at Southwest Florida Public Service Academy at Fort Myers Technical College.

Governor Ron DeSantis announced comprehensive legislation to protect Floridians from the Biden administration’s weaponization of the financial sector through a Central Bank Digital Currency (CBDC).

The legislative proposal protects consumers and businesses from a federally controlled CBDC by:

  • Expressly prohibiting the use of a federally adopted Central Bank Digital Currency as money within Florida’s Uniform Commercial Code (UCC).
  • Instituting protections against a central global currency by prohibiting any CBDC issued by a foreign reserve or foreign sanctioned central bank.
  • Calling on likeminded states to join Florida in adopting similar prohibitions within their respective Commercial Codes to fight back against this concept nationwide.

WATCH | Governor Ron DeSantis signs ban on Central Bank Digital Currency

Governor DeSantis signs ban on central bank digital currency