The Next Frontier for the Surveillance State ...Middle East

At first, it might have sounded like manna from heaven. Chinese authorities announced they would be distributing more than $1 million to a select number of citizens, as part of a test of its new currency: a digital yuan that could be easily spent almost anywhere. Reports out of China showed happy recipients using “digital wallets” to buy groceries with their free money and marveling at how “smooth and fast” the system worked.But there was a hitch or two, pointing to the thorny complexities of this new foray into digital monetary policy. First, recipients of the digital yuan had only a couple of weeks to spend their money; otherwise, it would disappear as mysteriously as it had arrived. (The

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Last updated : 20 April 2021 clock 02:45 PM

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The Next Frontier for the Surveillance State ...Middle East

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