The governor of Florida recently signed a measure that places limits on how CBDCs may be used in the United States and abroad

This new legislation, signed by Governor Ron DeSantis, also encourages other states to take action via their business regulations to prevent the entry of CBDCs.

According to local news outlets, Governor Ron DeSantis of Florida has approved a measure that places limits on the usage of central bank digital currencies (CBDCs) inside the state.

The new legislation makes it illegal to treat a CBDC issued by the federal government of the United States “as money within Florida’s Uniform Commercial Code (UCC).” Furthermore, it encourages other countries to follow suit by prohibiting CBDCs issued by their governments in their own business regulations.

At the bill’s signing ceremony, DeSantis said he was motivated to act by research into the new financial technology conducted by the administration of former U.S. President Joe Biden. There are no active efforts to introduce a CBDC in the United States.

According to the text of the law, “transactions involving CBDCs will not be afforded the usual UCC protections,” which may discourage businesses and people from doing business with CBDCs.

He also said, “The UCC can set obligations and change the rights of third parties even when they are not directly involved in the contract.” This definition may be changed by the state of Florida.

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