“DeSantis is probably tied in with a broader push by monetary conspiracy theory types,' Paul Krugman tweeted earlier this week.
stated that because crypto assets are volatile, they struggle with adoption and “make consumers vulnerable to loss, theft, and fraud.” Krugman argued that DeSantis’s opposition to CBDCs is not aimed at protecting the rights of Floridians, but rather, it would “protect the ability of criminals to evade taxes, launder money, buy and sell illegal drugs, and engage in extortion.
What are your thoughts on the potential benefits and drawbacks of a central bank digital currency? Do you agree with Krugman or DeSantis? Share your thoughts about this subject in the comments section below.Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications.
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