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How digital cash got caught up in the culture wars

How digital cash got caught up in the culture wars

Plans for central bank digital currencies are gaining momentum around the world — and so are conspiracy theories.

Siddharth Venkataramakrishnan

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At a conference in April, Florida’s governor Ron DeSantis veered from familiar swipes at diversity, inclusion and “corporate wokeness” to take aim at a more surprising target.

“One of the things we’re going to ban in Florida this year is the idea of a central bank digital currency,” he told the audience in Pennsylvania, to whoops and cheers. “Guess what’ll happen? They’re going to try and impose an ESG agenda through that.“

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Original URL: https://www.afr.com/technology/how-digital-cash-got-caught-up-in-the-culture-wars-20230911-p5e3mz