A WIN FOR CRYPTO? I Will Ban (CBDC) If Elected Into Office in 2024
Central bank digital currencies (CBDC) are digital forms of fiat currencies issued and regulated by central banks. Their purpose is to enhance existing payment systems, improve financial inclusivity, and provide an additional digital payment option.
CBDCs differ from cryptocurrencies like Bitcoin in several ways. Cryptocurrencies are decentralised, while CBDCs are centralised and issued by central authorities.
United States presidential candidate, Ron Desantis made his stand known in a recent interview. In his speech, He said he would ban central bank digital currency on his first day in office if elected in 2024.
This sounds like a win for the crypto market.
What do you think about his speech?