China expands Social Credit Score to include Central Bank Digital Currencies

China expands Social Credit Score to include Central Bank Digital Currencies
Опубликовано: Thursday, 15 February 2024 23:04

A now-viral account of a Chinese citizen’s life being turned upside down due to his low social credit score has resurfaced as Westerners awaken to the dangers of Central Bank Digital Currencies (CBDCs).

Due to his low social credit score and placement on a list of “untrustworthy people,” Chinese journalist Leo Hu was banned from flying. But that was just the beginning of his penalties.

“I can’t buy property, my child can’t go to private school,” Hu told CBS. “You feel you’re being controlled by the list all the time.”

Experts in the region believe the Chicoms keep secret how the scoring truly works so the system can go on as long as possible to “impact behavior.”

Stateside, more Americans are beginning to realize that the transition to a cashless system allows them to be easily controlled in a similar manner.

Source

Related items

arrowread...
The Next China is Still China

Monday, 01 April 2024 15:40

In 2023, while the global econo

arrowread...
 La « fin de la croissance chinoise » ? Non au conformisme aveugle

Wednesday, 27 March 2024 12:31

Au moment où la fameuse

arrowread...
The “end of Chinese growth”? No to blind conformism

Monday, 25 March 2024 08:53

As the famous theory of "China’