China's Digital Currency a Surveillance Tool for Authoritarian Regimes | CLIP
Erik Bethel explains why China's digital yuan will actually be a tool for surveillance of ethnic minorities or dissidents in China, and that purchasing data will be tied into China's current social credit system. He warns that this digital yuan currency model could be exported to authoritarian regimes around the world, and it even threatens to overtake the US dollar as the world's reserve currency.
Erik Bethel explains why China's digital yuan will actually be a tool for surveillance of ethnic minorities or dissidents in China, and that purchasing data will be tied into China's current social credit system. He warns that this digital yuan currency model could be exported to authoritarian regimes around the world, and it even threatens to overtake the US dollar as the world's reserve currency.
