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16
The digital euro may have spending limits (reclaimthenet.org)
posted 3 years ago by ArtemisFoul 3 years ago by ArtemisFoul +16 / -0
The digital euro may have spending limits
The European Central Bank considers restricting how people spend their money.
reclaimthenet.org
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▲ 14 ▼
– deleted 14 points 3 years ago +14 / -0
▲ 10 ▼
– SoctaticMethod1 10 points 3 years ago +10 / -0

This is just a copy of the Chinese social credit score, without the organ harvesting camps....yet.

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▲ 1 ▼
– IfThatIsWhatYouThunk 1 point 3 years ago +1 / -0

Australia already has the camps started. Won't be hard for them to make upgrades, but it will also be easy for places like Canada to follow suit.

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▲ 10 ▼
– ArtemisFoul [S] 10 points 3 years ago +10 / -0

Archive

In addition to proposing strict spending limits for users that want to avoid data collection, Panetta also suggested restrictive savings limits that would limit users’ total digital euro holdings to a maximum of just €3,000.

“What we are discussing is the possibility of introducing limits for individual users,” Panetta said. “For example, we have been discussing…many numbers…€3,000.”

Panetta claimed that these savings limits were necessary for financial stability and to prevent users from moving their money out of banks and other financial intermediaries.

In other words, the ECB wants to convert your money into, essentially, scrip.

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▲ 7 ▼
– Steampunk_Moustache 7 points 3 years ago +7 / -0

Imagine an insane glowpost here and it will not be far off how I feel about this.

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▲ 4 ▼
– Grumman 4 points 3 years ago +4 / -0

That would be a sane glowpost.

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▲ 5 ▼
– Lurker404 5 points 3 years ago +5 / -0

Good. I hope they do this because it would make sure nobody will use it.

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▲ 12 ▼
– ArtemisFoul [S] 12 points 3 years ago +12 / -0

I don't think they're going to ask nicely.

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▲ 4 ▼
– NotMacgyver 4 points 3 years ago +4 / -0

As long as they allow enough money to buy a knife I can see the number of politicians getting stabbed increasing.....coincidentally of course... and in minecraft

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▲ 2 ▼
– IfThatIsWhatYouThunk 2 points 3 years ago +2 / -0

With the rate the EU has been importing muslims, coincidental stabbings are still quite possible. They are still infidels after all, right?

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▲ 2 ▼
– NotMacgyver 2 points 3 years ago +2 / -0

If the government revokes all our knife licenses then the stabbings will disappear......right?......RIGHT?......

No criminal would ever break the law to get a weapon.....

sweats in european

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▲ 3 ▼
– deleted 3 points 3 years ago +3 / -0
▲ 5 ▼
– deleted 5 points 3 years ago +5 / -0

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