Why Nostr? What is Njump?
2024-11-02 18:33:09

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.

Video: Leading CBDC educator Patrick Schüffel on 🎙️
#bitcoin #nostr 💜
Author Public Key
npub1xuc7z6wskwqk7jj2ntyyce42gg757n4q7794dgwljpsfhpd7pzzshc97xc