Florida Governor Signs Law Prohibiting Use of Central Bank Digital Currency in Business Transactions

05/17 16:20

Florida Governor Ron DeSantis has signed a law that prohibits the use of central bank digital currencies (CBDCs) in business transactions, but legal experts believe that the law is nonsensical and could harm the digital assets sector. The law does not actually ban CBDC use in interstate commerce, but rather places those assets in a different category than money. DeSantis claims that the law is the beginning of a potential multi-state push from Republican state lawmakers to counter a digital dollar well before the federal government decides whether to issue it or not.

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