Florida Governor Ron DeSantis signed a bill last week to ban central bank digital currencies (CBDCs) in the Sunshine State—and now others appear to want to follow in his footsteps. 

Currently, Louisiana, Alabama, Texas and North Dakota have all drafted bills opposing a digital dollar. 

CBDCs are a hot topic right now. Unlike cryptocurrencies such as Bitcoin or Ethereum, CBDCs are overseen and operated by a centralized entity. 

Only 11 countries have so far launched a CBDC, according to the Atlantic Council’s tracker, but many other nations are researching and trialing the technology. China’s digital yuan is the most advanced. 

America’s central bank, the Federal Reserve, has been talking about a CBDC for some time but hasn’t given any major details on whether one will actually be released. 

In March, Fed Chairman Jerome Powell Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details