Commentary
China already has some of the most extensive surveillance and social control systems in the world, and recent advancements have moved the Chinese Communist Party (CCP) closer to total control over both the cyber and physical world.
If the country eventually goes fully digital, cash payments would disappear, meaning every payment would be recorded. This means anyone who runs afoul of the CCP could have their digital wallet shut down, effectively cutting off their ability to spend money. Additionally, since both the sender and receiver of funds are known to the CCP, if one is suspected of wrongdoing, such as affiliation with a banned group, both could be brought in for questioning. Compliance would be ensured by making the restoration of the digital wallet contingent on the quality of information provided to authorities.
Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times.
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