New Florida bill banning CBDCs passes, arguing they’re not money
The policy was led by the Florida Blockchain Business Association, a chamber of commerce headed by pro-crypto consultant Samuel Armes.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The Florida legislature passed a bill Wednesday that effectively bans any central bank digital currency (CBDC) from being used in the state.
The new policy says CBDCs issued by any country will not meet Florida’s definition of money. The provision rejects a specific part of the Uniform Commercial Code (UCC), a widely adopted piece of model legislation updated by the American Law Institute and the Uniform Law Commission.
Listen to the article to find out more.
For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com
Hosted on Acast. See acast.com/privacy for more information.