The Pomp Letter
The Pomp Letter
Florida Wants To Outlaw Central Bank Digital Currencies
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Florida Wants To Outlaw Central Bank Digital Currencies

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To investors,

Florida Governor Ron DeSantis held a press conference yesterday and warned about the potential risks of a central bank digital currency (CBDC). He explicitly called out the recent banking crisis, how it could accelerate concentration of deposits in the four largest US banks, and why that would be a potential path to the implementation of a …

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