Indiana has joined Florida in banning the use of a central bank digital currency (CBDC) as money in the state.
- Florida’s governor Ron DeSantis announced legislation to protect Floridians from a Federally Controlled CBDC and Surveillance state back in March.
- Indiana’s law would explicitly exclude CBDCs from the definition of money.
Key date: With Governor Holcomb’s signature, the law goes into effect on July 1, 2023 — we have speculated the July 1st date as the launch of FedNow in the US.
It’s hard to say how many other states will follow the footsteps of Florida and Indiana to protect their citizens from CBDCs.