Global Central Bank FinTech and Societal Control Market Report 2021-2026: What Started in China as a Social Credit System will Evolve and Expand to Other Nations
Central Bank Controlled Digital Currencies to leverage Blockchain Technology and Social Credit Systems Unlike Bitcoin, which represents a form of decentralized finance, digital currency planned in China is anticipated to leverage both the best and worst aspects of blockchain from an everyday citizen's perspective. It is anticipated that China will leverage its soon to be released currency as a means of controlling the commerce of its population. The sovereign nation may do by way of tracing payments between buyers and sellers via blockchain. Used in conjunction with the country's social credi...