The Bank of Japan needs to keep studying digital but, in an unusually cash-based economy, needn’t set it up yet
Like many other central banks, the Bank of […]
AS PELOSI STAYS MUM ON TAIWAN, HER NETWORK IS LOBBYING FOR CCP SOCIAL CREDIT COMPANIES.
Ant Group – a payment platform used to implement “vaccine passports” and a “social credit” system in China – has retained a number of American lobbying firms, including some with ties to House Speaker Nancy […]
Fears of a digital-only future grow.
Starting August 1, Israelis will not be able to make cash and bank check payments above 6,000 Shekels. According to the country’s Tax Authority, the law is meant to combat tax non-compliance, organized crime, and money […]
More invasive technology.
Microsoft has announced a five-year partnership with the National Australia Bank (NAB) to develop and invest in NAB’s and Bank of New Zealand’s multi-cloud technology. The two organizations are looking into ways of identifying customers using facial recognition.
The authors of a New York University’s Center for Human Rights and Global Justice report on digital identity systems warned of “severe and potentially irreversible” human rights violations and argued for open debate “with full transparency and involving all relevant stakeholders.”
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Offenders face significant fines & those splitting payments can be jailed. Law also applies to checks.
Israel’s Law on Reducing the Use of Cash came into force in 2019 and next week, on August 1, […]
The ‘Trusted Digital Identity Bill 2021’ is a piece of legislation designed to act as the framework for a permanent and expansive ‘digital identity’ for all Australian citizens.
‘Digital Identity’ acts as a master ID, joining together previously disconnected government databases […]
On Friday, Russia’s President Vladimir Putin signed a law banning the use of censorship-resistant digital assets like crypto as a form of payment.
The law will ban the accepting or transferring “digital financial assets as a consideration for transferred goods, performed works, rendered services, as well as in any other way […]
What exactly is a Central Bank Digital Currency (CBDC)? A CBDC is virtual money backed and issued by a central bank. As cryptocurrencies and stablecoins have become more popular, the world’s central banks have realized that they need to provide an alternative—or let the future of money pass them by.
The authors of a New York University’s Center for Human Rights and Global Justice report on digital identity systems warned of “severe and potentially irreversible” human rights violations and argued for open debate “with full transparency and involving all relevant stakeholders.”
