DeSantis calls for ban on central bank digital currency

Gov. Ron DeSantis announced he wants lawmakers to pass legislation banning the use of central bank digital currency, or CBDC, in an effort to safeguard Floridians’ finances.

“I am here to call on the legislature to pass legislation to expressly forbid the use of CBDC as money within Florida’s uniform commercial code,” DeSantis said. 

He said the proposal will make sure Florida continues to support innovation in the financial sector “while protecting against government surveillance over your personal finances.”

CBDC is a digital form of central bank money that is widely available to the general public.