In recent developments, banks in Canada and potentially Australia are implementing stricter controls over cash withdrawals, requiring customers to provide reasons for needing their money. This has sparked concerns over privacy and the increase of surveillance in banking practices, with fears of moving towards a Central Bank Digital Currency (CBDC) and Digital ID systems, resembling a social credit system.
Why are banks refusing to allow customers to withdraw their own money in cash? π€ This is happening all over the world now. https://t.co/hEEQuFWPqj
Australian banks need to know what you're using your money for when you make a withdrawal. Why? https://t.co/Z17ylLONrs
BREAKING: Canadian bank refuses to give customer cash without proof of why he needs it. Coming to Australia real soon If all your money or assets are sitting in a Western bank or western country including Australia, you are going to live to regret it. Only so many warning⦠https://t.co/YojbDlgnyG
Open Banking is Canada's pathway to Digital ID and a Chinese-style social credit system in Canada. Full Video Here:πππ https://t.co/U6ghQiQGBV https://t.co/aPKnhrc2Oz
Bank in Canada refuses to allow a man to withdraw his money. Now imagine one permissioned blockchain controlled by the central bank. A system that can track funds, suspend accounts and pause transactions. That's a CBDC. That's the future they want https://t.co/CeUtmuA4dX