🧵 Breaking:
1.
Governments & private sector can use #CBDCs to program smart contracts for target policies (e.g., Welfare Payments, UBI, Consumption Coupons, Food Stamps). CDBC can be programmed to determine what people can and cannot own. #IMF #CBDC
2.
Bi Li is the Deputy Managing Director of the #IMF.
He also states: "A #CDBC can also be programmed to buy only food, which can help Government agencies precisely target their support to those who need it."
#IMF Source:
3.
"A #CBDC is not a universal solution. It must come with digital and financial literacy as well as an identity." - They mean a digital identity.
@MaajidNawaz @BernieSpofforth @JamesMelville @backtolife_2023 @PeterSweden7 @TheRealKeean @AmyMek @MattGubba @Kingbingo_
Props to @TimHinchliffe @thesociable for following this story.
How globalists & governments push digital ID through climate, COVID, cybersecurity & CBDC.
sociable.co/government-and…
#IMF drops more CBDC info. Service providers can use transactional data to underwrite credit for social scoring. Using an example of how many coffees I drink every day, where I get coffee & if I use Uber. Financial service providers can use this data to give me a credit score.
"Privacy and anonymity are tricky issues, but it's worth it to sacrifice a little privacy for security." - Cecilia Skingsley - BIS Innovation Hub Director
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