The Chinese Communist Party (CCP) is developing a Central Bank Digital Currency (CBDC) that will allow the government to surveil, coerce, and control its citizens’ behavior as part of its larger social credit system. The Center for a New American Security (CNAS) published a report last week detailing China’s ambitions for an authoritarian Digital Currency … Continue reading China’s digital currency will help CCP punish or coerce citizens with social credit system: CNAS report