04-13-2023, 04:38 PM
Digital IDs: The US is Secretly Rolling Out Another Building Block for CBDCs and Fin
<!-- SC_OFF --><div class="md"><p>Digital ID systems are secretly gaining momentum worldwide, with the ??US Senate currently pushing the "Improving Digital Identity Act of 2023“ and the EU ?? voting for a new digital identity framework that seeks to provide EU citizens with digital access to key public services across EU borders last month.</p> <p>The US act was introduced by Cynthia Lummis to create a „secure method for organizations, businesses, and government agencies to verify an individual's identity online“ (<a href="https://archive.is/20230411215807/https://www.theepochtimes.com/us-digital-id-system-proceeds-to-senate-for-debate_5187615.html">https://archive.is/20230411215807/https://www.theepochtimes.com/us-digital-id-system-proceeds-to-senate-for-debate_5187615.html</a>). Despite potential privacy enhancements, digital IDs enable government surveillance and control paving the way for Central Bank Digital Currencies (CBDCs) and social credit systems like seen in China ?? (<a href="https://www.ledgerinsights.com/turkey-cbdc-pilot-lira-blockchain-digital-id/">https://www.ledgerinsights.com/turkey-cbdc-pilot-lira-blockchain-digital-id/</a>).</p> <p>The coupling of digital IDs with CBDCs could allow governments to monitor transactions, exerting control over citizens' finances (<a href="https://m.youtube.com/watch?v=uwRSzNTp2ko">https://m.youtube.com/watch?v=uwRSzNTp2ko</a>). This integration may lead to social credit systems, where user behaviors are tracked, profiled, and rewarded or punished, undermining privacy, autonomy, and human dignity. It goes without saying that the current war against cryptocurrencies in the US and Canada is likely related to those developments.</p> <p>As such, it is crucial to remain vigilant and prevent digital IDs from becoming tools for excessive control and a reality at all before it is too late. Continue using cash, keep your cryptocurrencies tight and push back against any agenda, which appear to be Trojan horses to undermine our democratic system (incl. RESTRICT act: <a href="https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/">https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/</a>)!</p> <p>————————————-</p> <p>TL;DR: The US and the EU are pushing digital ID systems, which may provide the way for Central Bank Digital Currencies (CBDCs) and social credit systems similar to China. These systems could undermine privacy, autonomy, and human dignity, enabling government surveillance and control. To protect democracy, we must stay vigilant, use cash, secure our cryptocurrencies, and resist agendas that threaten our freedom.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Antana18"> /u/Antana18 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12kj8og/digital_ids_the_us_is_secretly_rolling_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12kj8og/digital_ids_the_us_is_secretly_rolling_out/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Digital ID systems are secretly gaining momentum worldwide, with the ??US Senate currently pushing the "Improving Digital Identity Act of 2023“ and the EU ?? voting for a new digital identity framework that seeks to provide EU citizens with digital access to key public services across EU borders last month.</p> <p>The US act was introduced by Cynthia Lummis to create a „secure method for organizations, businesses, and government agencies to verify an individual's identity online“ (<a href="https://archive.is/20230411215807/https://www.theepochtimes.com/us-digital-id-system-proceeds-to-senate-for-debate_5187615.html">https://archive.is/20230411215807/https://www.theepochtimes.com/us-digital-id-system-proceeds-to-senate-for-debate_5187615.html</a>). Despite potential privacy enhancements, digital IDs enable government surveillance and control paving the way for Central Bank Digital Currencies (CBDCs) and social credit systems like seen in China ?? (<a href="https://www.ledgerinsights.com/turkey-cbdc-pilot-lira-blockchain-digital-id/">https://www.ledgerinsights.com/turkey-cbdc-pilot-lira-blockchain-digital-id/</a>).</p> <p>The coupling of digital IDs with CBDCs could allow governments to monitor transactions, exerting control over citizens' finances (<a href="https://m.youtube.com/watch?v=uwRSzNTp2ko">https://m.youtube.com/watch?v=uwRSzNTp2ko</a>). This integration may lead to social credit systems, where user behaviors are tracked, profiled, and rewarded or punished, undermining privacy, autonomy, and human dignity. It goes without saying that the current war against cryptocurrencies in the US and Canada is likely related to those developments.</p> <p>As such, it is crucial to remain vigilant and prevent digital IDs from becoming tools for excessive control and a reality at all before it is too late. Continue using cash, keep your cryptocurrencies tight and push back against any agenda, which appear to be Trojan horses to undermine our democratic system (incl. RESTRICT act: <a href="https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/">https://www.coincenter.org/the-restrict-act-creates-blanket-authority-with-few-checks-to-ban-just-about-anything-linked-to-a-foreign-adversary/</a>)!</p> <p>————————————-</p> <p>TL;DR: The US and the EU are pushing digital ID systems, which may provide the way for Central Bank Digital Currencies (CBDCs) and social credit systems similar to China. These systems could undermine privacy, autonomy, and human dignity, enabling government surveillance and control. To protect democracy, we must stay vigilant, use cash, secure our cryptocurrencies, and resist agendas that threaten our freedom.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Antana18"> /u/Antana18 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12kj8og/digital_ids_the_us_is_secretly_rolling_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12kj8og/digital_ids_the_us_is_secretly_rolling_out/">[comments]</a></span>