China and India’s Forthcoming Digital Currency Will Make Government Surveillance Easy

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India plans to launch a digital version of its currency, and China has similar plans. “Introduction of a central bank digital currency, will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system.” Finance Indian Minister Nirmala Sitharaman said. However, this would give the governments the power to track people’s spending in real-time, which critics point to as an open door for government surveillance and overreach.