Deliver Mark Currency with airSlate SignNow

Deliver mark currency

[Music] the United States May soon have its own digital dollar which would track transactions while giving Banks and governments full control over how people spend their money the New York Federal Reserve has launched a 12-week program for a central bank digital currency with participants including MasterCard City HSBC TD bank Wells Fargo and others as this takes place Nigeria has gone from rolling out a digital currency to forcing it on its citizens by restricting the amount of physical cash people can withdraw Central Bank digital currencies not only represent a new form of money but also new potential for tyrannical social controls now this is according to Nick corbishly investigative journalist and author of scanned why vaccine passports and digital IDs will mean the end of privacy and personal freedom we speak with corbishly about why what's happening with digital currencies in New York and Nigeria matter for the world now digital currencies can be used by authoritarian regimes and where the world is heading if the new form of currency is not challenged Nick corbishly great having you back on Crossroads well it's great to be here thanks for the invite you know Nick one of the biggest stories that happened recently I think was easy to miss which was in Nigeria of all places and people might wonder why Nigeria you know matters to us in the west right what what does it matter they recently made a new ruling when it comes to the digital currencies and I I want to talk about what happened there and why this matters tell us what happened first okay so this this is a story that came to light when the Central Bank essentially announced that as of January the 9th and this coming year the Bank basically people will only be able to uh withdraw something like 45 dollars per day from their bank accounts and this is like an 87 reduction in what they normally are able to to withdraw from their bank accounts it's a massive change in in people's lives it's a huge huge um a huge policy to have suddenly announced at a time that Nigeria's economy is struggling and at a time that the central bank is desperately trying to rescue the Salvage a digital currency that it launched uh roughly just over a year ago that has essentially flopped interesting so Nigeria the central banks are tried rolling at a digital currency people didn't want it and basically when it was on its way to failing because people want to use cash still the government starts restricting the amount of people the amount of cash people can take out uh interestingly at a time when they really need it yes so what what does that say to us like you know is it it doesn't mean they're forcing this agenda on people uh and then at what cost like you know tell us about this we have at the moment...