If our rulers have their way, digital currencies and IDs are a done deal, and social credit scores and digital tyranny won’t be far behind. From Bryan Jung at The Epoch Times via zerohedge.com:
The Group of 20 leaders have agreed to a plan to eventually impose digital currencies and digital IDs on their respective populations, despite fears that governments will use them to monitor their peoples’ spending and crush dissent.
The G20, which is currently under India’s presidency, adopted a final declaration on the subject over the weekend in New Delhi.
The meeting, which included the world’s leading economies, announced last week that they had agreed to build the necessary infrastructure to implement digital currencies and IDs.
The group said that discussions were already underway to create international regulations for cryptocurrencies, but claimed that there was “no talk of banning cryptocurrency” at the summit.
Many critics are concerned that governments and central banks will eventually regulate cryptocurrencies and then immediately replace them with central bank digital currencies (CBDCs), which lack similar privacy and security.
Indian Finance Minister Nirmala Sitharaman said that discussions were underway to build a global framework to regulate crypto assets since they believe cryptocurrencies can not be regulated efficiently without total international cooperation.
