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

Speaking at the July 14 Family Leadership Summit, DeSantis vowed to ban CBDCs in the United States if elected president.

= =.jpg 1x, https://images.cointelegraph.com/images/960_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMtMDcvZGQ2ZWY5ODUtNzI3Ny00ZWFiLWIzMjktNTYzOTlhNGFmMTI2LmpwZw == .jpg 2x" src="https:// alt="R on DeSantis pledges to ban CDBCs in the US if elected president" class="lazy-image__img type:primaryImage"/> News Join us on social networks

US presidential candidate Ron DeSantis has once again criticized central bank digital currencies (CBDCs), opposing the possibility of a digital dollar in the country.

Speaking at the July 14 Family Leadership Summit, DeSantis vowed to ban CBDCs in the United States if elected president. "If I'm president, from day one, we'll eliminate central bank digital currency. It's done. Dead. It's not happening in this country," he said at the event. in Iowa, which brought together six other Republican candidates.

DeSantis is a vocal opponent of the digital dollar in the United States. In May, he passed a bill in Florida that bans the use of federal CBDCs as currency, as well as banning the use of foreign CBDCs, saying it would lead to a "massive shift of power from consumers to a central authority".

Tucker Carlson and Ron DeSantis during family leadership Summit. Source: NBC News.

A central bank digital currency is not too different from a traditional currency issued by a central bank. It can be defined as a digital version of fiat currency, bringing with it the conveniences of the cipher...