The Rundown

Florida Cracks Down On CBDCs: Governor Signs Bill To Limit US And Foreign Use

Florida Governor Ron DeSantis signed a bill that restricts the use of central bank digital currencies (CBDCs) within Florida’s Uniform Commercial Code (UCC) and bans foreign government-issued CBDCs. The governor’s actions were spurred by the Biden administration’s studies of the financial technology. The new law also calls on other states to institute similar prohibitions.