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Ron DeSantis Promises to Ban CBDCs if Elected President
The U.S. presidential candidate in March signed a bill as Florida’s governor to prohibit the use of CBDCs within his state.
Updated Jul 19, 2023, 2:50 p.m. Published Jul 17, 2023, 4:55 p.m.
Current Florida Governor and GOP presidential hopeful Ron DeSantis continued his campaign against central bank digital currencies (CBDCs), vowing a ban if he were elected president.
“Done, dead, not happening in this country,” said DeSantis at the Family Leadership Summit in Iowa last Friday. “If I am the president, on day one, we will nix central bank digital currency.”
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DeSantis has been an outspoken critic of CDBDs for allowing “government-sanctioned surveillance,” and in March signed a bill to prohibit the use of a national CBDC as money within Florida.
As for the broader subject of crypto, he’s been far more supportive, previously calling its use a question of civil liberty and describing bitcoin (BTC) as a “threat to the current regime.”
Central bank digital currencies, which are a tokenized form of a country’s fiat currency issued by the government, are becoming a growing wedge between political sides in the U.S., with the GOP, broadly speaking, not in favor, and the Democrats so far mostly silent on the subject.
Read more: Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
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Save the Children Introduces Bitcoin Fund to Streamline Crisis Response
New fund enables Save the Children to hold bitcoin, pilot digital wallets, and speed up emergency aid delivery.
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- Save the Children has launched a Bitcoin Fund to hold cryptocurrency donations for up to four years, allowing donors more control over conversion timing.
- The fund aims to enhance the speed and efficiency of aid delivery by utilizing blockchain technology and piloting new forms of direct assistance.
- This initiative reflects a growing interest in decentralized finance to reduce costs and increase transparency in humanitarian aid.
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