🧵 1/3 Florida has banned the use of CBDCs and other US states are expected to follow. CBDCs have become a flash point with political critics. #politics
🧵 1/3 Florida has banned the use of CBDCs and other US states are expected to follow. CBDCs have become a flash point with political critics. #politics
🧵 2/3 Critics argue that a "digital dollar" would be a privacy nightmare and would empower the state while worsening financial inclusion issues.
🧵 3/3 Over 100 countries are researching CBDCs, but only 11 are deployed. There are legitimate risks associated with CBDCs and potential impacts.
🧵 Read more at: https://www.coindesk.com/consensus-magazine/2023/05/04/the-reactionary-political-theater-of-cbdc-bans/