BankSith on Nostr: Just trust your government. Sure. Transaction tracking: CBDCs could enable ...
Just trust your government. Sure.
Transaction tracking: CBDCs could enable authorities to track every transaction made by users, allowing them to monitor financial activities and potentially detect illegal activities.
Real-time monitoring: CBDC systems might allow central banks to monitor user balances and transactions in real-time, providing a detailed picture of users' financial status and spending habits.
Identity verification: CBDCs could require users to verify their identities, enabling authorities to link transactions to specific individuals.
Targeted interventions: CBDC systems might enable central banks to implement targeted interventions, such as limiting transaction amounts or freezing accounts, in specific cases or for specific users.
Data analysis: CBDCs could generate vast amounts of data, which could be analyzed to identify patterns, trends, and potential risks in the financial system.
Integration with other systems: CBDCs might be integrated with other digital systems, such as tax authorities, social services, or law enforcement databases, allowing for more extensive data sharing and cross-referencing.
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"content":"Just trust your government. Sure. \n\nTransaction tracking: CBDCs could enable authorities to track every transaction made by users, allowing them to monitor financial activities and potentially detect illegal activities.\n\nReal-time monitoring: CBDC systems might allow central banks to monitor user balances and transactions in real-time, providing a detailed picture of users' financial status and spending habits.\n\nIdentity verification: CBDCs could require users to verify their identities, enabling authorities to link transactions to specific individuals.\n\nTargeted interventions: CBDC systems might enable central banks to implement targeted interventions, such as limiting transaction amounts or freezing accounts, in specific cases or for specific users.\n\nData analysis: CBDCs could generate vast amounts of data, which could be analyzed to identify patterns, trends, and potential risks in the financial system.\n\nIntegration with other systems: CBDCs might be integrated with other digital systems, such as tax authorities, social services, or law enforcement databases, allowing for more extensive data sharing and cross-referencing.\n\nVideo: Leading CBDC educator Patrick Schüffel on 🎙️ nostr:npub1mrmu3s5889zcaqcqwxejx8gtkp9rwna7fq0vqezk4x22rnpr2gmsmfeyr9 \n#bitcoin #nostr 💜 https://video.nostr.build/6a96c3e2cf0e96cff92fe778b3a5efb38ce199e21505e752fc7072d0b19a0d67.mp4 ",
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