G20 Announces Plan To Impose Digital Currencies And IDs Worldwide
Zero Hedge, BY TYLER DURDEN, Authored by Bryan Jung via The Epoch Times 14 Sept 23
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………………………………..
The top items discussed at the New Delhi summit included “building Digital Public Infrastructure, Digital Economy, Cryptoassets, [Central Bank Digital Currencies].”……………………………….
The European Union is currently trying to introduce a bloc-wide “digital identity” app that would consolidate various personal information, including passports, driver’s licenses, and medical history………………………………………………………………………………………………………………. https://www.zerohedge.com/political/g20-announces-plan-impose-digital-currencies-and-ids-worldwide
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