Ron DeSantis vows to ban CDBCs in the US if elected president

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US presidential candidate Ron DeSantis has again criticized Central Bank Digital Currencies (CBDC) and opposed the possibility of a domestic digital dollar.

Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDC in the United States if elected president. “If I were president, we would do this from day one.” nix central bank digital currency. end. death. That doesn’t happen in this country,” he said during an event in Iowa attended by six other Republican candidates.

DeSantis has been a vocal opponent of the digital dollar in the United States. In May, he passed a bill banning the use of federal CBDCs as money in Florida and also banning the use of foreign CBDCs, leading to a “massive transfer of power from consumers to central authorities.” claimed.

Central bank digital currencies are not very different from traditional currencies issued by central banks. It can be defined as a digital version of fiat currency that brings the convenience of digital assets.

However, it has long been a source of controversy in the cryptocurrency community, with opponents arguing that CBDC threatens citizens’ privacy and could lead to absolute control of governments, while CBDCs have long been the focus of the blockchain world. Some see it as a tool to drive adoption as well as common use cases. technology.

According to Cointelegraph’s CBDC database, CBDC projects have grown significantly in recent years, with over 100 countries considering the subject and at least 39 countries with CBDC pilots, proofs of concept, or other related initiatives underway. and

US Federal Reserve System Reportedly no plans It plans to issue a digital dollar soon, but that could change after next year’s election as more candidates discuss crypto-related topics during the early campaigns. Robert F. Kennedy Jr. has been promoting Bitcoin as part of his campaign for the Democratic presidential nomination since May. He recently revealed a Bitcoin investment worth up to $250,000.

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