Donald Trump Promises to “Never Allow” Central Bank Digital Currencies (CBDC) if Elected
Former President Donald Trump joins Ron DeSantis as a critic of CBDCs.
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Central Bank Digital Currencies
Former President Donald Trump joins Ron DeSantis as a critic of CBDCs.
(Jason Leung/Unsplash, modified by CoinDesk)
Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to digitize their money.
DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.
The recent collapse of three high-profile banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud.