A Dutch legislator of the European Union’s parliament has condemned the EU’s leadership for “pushing through” a plan forcing Europeans to use digital identification verification.
As part of a new phase in promoting China’s currency, the Chinese city of Changsu in Jiangsu province has confirmed it will start paying its public sector employees entirely in digital yuan, Asia Nikkei reports.
The European Central Bank confirmed Monday that it is in the final stage of investigating the introduction of the digital euro, which could make cashless payments the norm in defiance of critics fearing more government control.
An authority linked to the International Monetary Fund, which oversees the world’s monetary system, has launched an international central bank digital currency (CBDC), despite criticism, it will lead to global government control.
The Bank of England has launched a consultation on the creation of a digital British currency, the London Standard reports. If introduced, the new British pound would have intrinsic stable value and would be issued by the Bank of England, not the private sector.