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In China, CBDCs are linked to your Digital ID. If, for example, you’re caught jay-walking…

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by COINS NEWS 108 Views

In China, CBDCs are linked to your Digital ID. If, for example, you’re caught jaywalkig, their facial recognition system will immediately display your face on a public board of shame before automatically deducting your fine from your digital wallet.

To see video of this in action, take a look at the link above that was on the front page of Reddit earlier today.

As noted in the comments of that post, in areas where social credit scores have been implemented, these types of fines will also impact those scores.

CBDCs are terrifying for multiple reasons and this just confirms those fears for me. A slippery slope indeed…

submitted by /u/TheKyleShow
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