In China, CBDC is linked to citizens' mandatory digital ID.

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9 months ago
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News CBDC China Digital Yuan E-CNY Chinese Digital Currency Digital ID China Central Bank Digital Currency China Cryptocurrency Digital Wallet China Financial Technology China Cashless Society

In China, CBDC is linked to citizens' mandatory digital ID. If somebody drives over the speed limit (in this case, 20 km/h), the speed camera system automatically deducts a fine from their digital wallet.

Coming to the West soon, unless you resist!

Source @HATS

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