BRICS is a Globalist Organization

BRICS is a Globalist Organization

Aug 23, 2023, Survivalist

Hidden feature in Brazilian CBDC allows government to freeze funds

We’ve got to this conclusion after reviewing articles about the Central Bank Digital Currencies (CBDC) in Brazil, Russia, India and China.

For Brazil: In an article by Yudi Sherman we see that

A developer this month discovered a hidden feature in Brazil’s central bank digital currency (CBDC) that allows the government to freeze funds and even adjust balances.

“The ability to ‘freeze or arrest amounts’ held in [this system] is protected by current legislation in Brazil, according to the Central Bank”…

For Russia: Russian Parliament Passes Digital Ruble Bill

For India: India Targeting One Million CBDC Users in Three Months

For China: China Is Doubling Down on its Digital Currency

For South Africa: The South African Reserve Bank (SARB) has initiated a feasibility study to explore the issuance of a digital rand, which aims to address issues related to financial inclusion, cross-border remittances, and monetary policy management.


 

Author: Survivalist