Category: CBDC

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Florida Governor Announces Legislation to Ban CBDC

March 20, 2023 | Florida Governor Announces Legislation to Ban CBDC | Image source

A legislative proposal to protect Florida consumers and businesses from a national central bank digital currency (CBDC) was announced by Governor DeSantis.

In the press conference he said, “The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control… Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”

In addition to being a threat to privacy, the governor said that CBDC would threaten the role of credit unions and community banks.

 

 

Link To Press Release HERE

 

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Oklahoma legislators push back against CBDC with cash bill

March 20, 2023 | Oklahoma legislators push back against CBDC with cash bill | House Bill No. 1633

 

Legislation introduced in Oklahoma would require the acceptance of cash as legal tender: “A retail establishment selling or offering for sale goods or services at retail during regular business hours shall not require a buyer to pay using credit cards nor a central bank digital currency nor prohibit cash as payment in order to purchase the goods or services. ”

There is growing opposition to Central Bank Digital Currency (CBDC) because the government and international central bankers would be able to “program” money and surveil every financial transaction. The passage of House Bill No. 1633 would protect Oklahomans’ right to use cash and not be required to use CBDC’s.

Similar legislation in Missouri states, “No public entity shall require payment in the form of any digital currency. Payment by means of cash, debit card, or credit card shall be considered legal tender and shall be accepted by all public entities. Payment in gold and silver coinage shall also be considered legal tender and shall be accepted by all public entities. ”

 

 

 

Link To Full Article HERE

 

 

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South Dakota Governor Vetoes CBDC Bill

March 14, 2023 | South Dakota Governor Vetoes CBDC Bill | Upon returning HB-1193 with a VETO, South Dakota Governor Kristi Noem reasoned that the legislation “opens the door to the risk that the federal government could more easily adopt a CBDC, which then may become the only viable digital currency.” The Bill would have classified central bank digital currency (CBDC) as money while excluding cryptocurrencies.

Governor Noem stated that by “expressly excluding cryptocurrencies as money, it would become more difficult to use cryptocurrency. By needlessly limiting this freedom, HB 1193 would put South Dakota citizens at a business disadvantage.”

CBDC would allow for both federal and foreign interference in the private financial transactions of Americans by creating the opportunity for government censorship, surveillance, and control of society via programmable currency.

 

 

 

Link To Document HERE

 

 

 

Link To Full Article HERE

 

 

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