To receive daily emails from Breaking Christian News to your inbox CLICK HERE

SHARE THIS ARTICLE Printer friendly version of this page

G20 Nations Endorse 'Digital Public Infrastructure' That Could Include Digital IDs, Currency

Calvin Freiburger : Sep 21, 2023

International leaders tout digital public infrastructure as a great leap for convenience and security, but the danger to freedom is equally significant.

(New Delhi, India) — [] The Group of 20 (G20), the 19 most influential countries on earth plus the European Union, has endorsed proposals to explore development of a "digital public infrastructure," including digital identification systems and potentially a centralized digital currency. (Image: Unsplash)

The G20 consists of the United States, United Kingdom, European Union, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Russia, Saudi Arabia, South Africa, South Korea, and Turkey. Its members "represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population."

In a Leaders' Declaration released September 10, the G20 leaders called for "swift implementation" of the intergovernmental Organisation for Economic Co-operation and Development's (OECD's) Crypto-Asset Reporting Framework & Amendments to the Common Reporting Standard, a taxation and reporting framework for crypto-assets. They also endorsed "discussions on the potential macro-financial implications arising from the introduction and adoption of Central Bank Digital Currencies (CBDCs)."

Then, in its Policy Recommendations for Advancing Financial Inclusion and Productivity Gains through Digital Public Infrastructure released [last] week, the G20 endorsed exploration of "digital public infrastructure" (DPI) consisting of "digital ID, digital payments, and data exchange." Digital identification, the document claimed, "could further financial inclusion, especially in low- and middle-income countries, where insufficient documentation is often a barrier to account ownership."

The Epoch Times reported that "no talk of banning cryptocurrency" took place during the G20's weekend summit on the matter, but numerous officials are enthusiastic about a more digital future.

"India's presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets," said Nirmala Sitharaman, the Finance Minister of India... Subscribe for free to Breaking Christian News here

Continue reading Here.

SHARE THIS ARTICLE Printer friendly version of this page

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Other Recent Articles from Breaking Christian News

SEE IT: Ancient Coin with 'Face of Jesus' Discovered

In Far-left San Francisco Area: California MassResistance Activists Force Drag Queen Story Hour to Clean Up Its Act

Democrat School Board President Sworn in on Sexually Explicit Books Instead of the Bible

50-Year-Old Man Once Again Competes With Teenage Girls in Ontario Swim Competition

Federal Judge Hands Huge Victory to Trump in Bid to Remove Him from Arizona Ballot

Ivy League Facing Lawsuits: 'Professors Encouraging Students to Engage in Genocidal Chants'

Israel Gains Key Intel by Capturing Hundreds of Hamas Terrorists; US Pushes Israel on Gaza Casualties

Hunter Biden Hit With Federal Charges for Evading Tax; Faces Up to 17 Years in Prison

'The Unborn Have No Voice' Says Elon Musk in Response to Jane Goodall's Pro-Population Control Video

California Governor Cancels Public Christmas Tree Lighting Ceremony

Arizona Sheriff Mark Lamb: Every Illegal Alien Crossing Border Received $5,000 Gift Card (VIDEO)

Riley Gaines Torches the Dems' Gender Deniers in House Fight for Girls' Sports

On Eve of Hanukkah, Israel Gains in South; More Evidence of Hamas Sex Crimes Uncovered

4th GOP Debate: Vivek Mops the Stage Floor with Other Candidates, Throwing Truth Bombs and Defending Trump

Famous Rapper Turns to Jesus: 'Christ Lives in Me'

Judge Voids Democrat Election Win Due to Fraudulent Ballots

Tucker Carlson, Michael Shellenberger blast John Kerry's 'Anti-human' COP28 speech

4 Big Moments from the Trump-Hannity Town Hall Event

Kevin McCarthy Says He Will Resign from Congress at the End of the Year

20 States Seeking to Expel Foreign Students Amid Rising Concerns of 'Terrorist Activity'

Search the Articles Archives

Words Posted On:  
Day Month Year

BCN Plus

Follow BCN on Twitter
Are You Praying for Our Government Leaders?
BCN Staff

Steve Shultz
Steve Shultz, Managing Editor
Founder and Owner

Aimee Herd
Aimee Herd, Editor

BCN Plus
Are You Praying for President Trump?

All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.

Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved

Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.