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(This should be an easy question). In our review of International Monetary policy, we learned that many nations are trying to eliminate the use of
(This should be an easy question). In our review of International Monetary policy, we learned that many nations are trying to eliminate the use of cash. China forces the majority of its citizens to use their cell phones to buy or sell by scanning QR codes at all retail stores and they are also expanding the use of facial recognition payment systems. Large stores in Great Britain are using fingerprint scanners to eliminate cash and make electronic payments easier. The United Nations'ts even pushing developing countries to use digital payment systems instead of relying on cash through its "Better Than Cash" initiative. Conclusion: Once the majority of the world adopts the digital currency idea, then governments will have unprecedented power over its citizens in terms of surveillance, censorship, political oppression, and the power to immediately seize all assets of its citizens. Personal liberty and privacy could be greatly diminished under a fully digital monetary system. True or False
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