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

United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.

Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the US if elected president. “If I’m president, on day one, we’ll be president Nix Central Bank Digital Currency. Complete. dead. That’s not happening in this country,” he said during the event in Iowa, which was attended by 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 foreign CBDCs as well as federal CBDCs in the form of money, claiming that this would “massively take central authority away from consumers.” There will be a transfer of power.”

The digital currency of the central bank is not much different from the traditional currency issued by the central bank. It can be defined as a digital version of fiat currency, which brings with it the features of digital assets.

However, it has long been a source of contention in the crypto community, with opponents claiming that CBDCs threaten citizens’ privacy and could lead to complete government control, while others promote the adoption of- Let’s see it as a global use case for blockchain. technology.

According to Cointelegraph’s CBDC database, CBDC projects have grown significantly in recent years, with more than 100 countries exploring the topic and at least 39 countries running either a CBDC pilot, proof-of-concept, or other related initiative. Have been

US Federal Reserve reportedly no plans A digital dollar will soon be released, but that could change after next year’s election, as more candidates are discussing crypto-related topics during their early campaigns. Robert F. Kennedy Jr. has been promoting bitcoin since May as part of his campaign for the Democratic nomination for president. He recently revealed a bitcoin investment worth $250,000.

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