DeSantis Bans CBDC in Florida

DeSantis Signs Bills Banning Central Bank Digital Currency, Protecting Gun Owner Rights


Where is YOUR Red State Governor on Banning CBDC???

by Dan M. Berger, The Epoch Times, May 12, 2022
 

After a flurry of bill-signing throughout the week, Florida Gov. Ron Desantis signed into law two more measures on May 12—one banning central bank digital currency (CBDC) in the state, and the other protecting the privacy of gun buyers.

Allowing centralized digital currency would give too much power to the federal government, DeSantis said at a press conference in Fort Myers. And credit card companies shouldn’t be able to flag transactions of gun retailers and purchasers, he said, before signing the two bills.

The Biden administration is considering the implementation of CBDC, which is much like cryptocurrency, but controlled by the Federal Reserve. Use of it would quickly lead to a “Big Brother” situation, with the government tracking Americans’ purchases, DeSantis warned.

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With the signing of Senate Bill 7054 into law, CBDC was banned in Florida, because the state’s uniform commercial code does not accept it within its definition of money, DeSantis said.

The bill also forbids using CBDCs issued by foreign government reserves and central banks, including China’s digital yuan.

Senate Bill 214, which DeSantis also signed, “combats efforts by woke credit card giants to monitor the transactions of firearms retailers” through Merchant Category Codes, his office said.

It also imposes fines for violating the state’s consumer protections against gun owner registries.

According to his office, “three major credit card companies have said that the use of MCCs would allow them to ‘manage risk’ and assisting in ‘combating gun violence’ by tracking consumer behavior, which is an extreme overreach into the private purchases of a consumer.”
 

READ MORE OF THIS STORY AND MORE NEWS AT THE EPOCH TIMES.COM

 

 


 
DeSantis Bans CBCC in Florida by Tom Zawistowski is licensed under

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