One Else Central Bank Implements ID WEF Program

Connecting digital IDs with CBDCs is seen by critics as a means
to establish an Orwellian surveillance state.
The Central Bank of Nigeria (CBN) wants to link its CBDC
(Central Bank Digital Currency) to a digital identification system,
according to a report (https://bit.ly/3F7oGAh) by the Bank
of International Settlements (BIS).
"Universal access to eNaira is a key goal of the CBN, and new
forms of digital identification are being issued to the unbanked
to help with access," the November 2022 BIS report states.
"In addition, an eKYC-enabled [electronic know your customer]
CBDC that is integrated with the national ID schemes could
greatly ease financial onboarding."
The central bank is looking to grant universal access to its CBDC
via digital IDs to achieve "financial inclusion," at the cost of
anonymity and privacy.
"When it comes to anonymity, the CBN has opted to not allow
anonymity even for lower-tier wallets," the BIS report said.
Connecting digital IDs with CBDCs is seen by critics as a means
to establish an Orwellian surveillance state. If trackable CBDCs
were to replace cash and be linked with digital IDs, governments
or central banks would have total control over almost all
transactions.
A 2017 article by the World Economic Forum (WEF) notes that
CBDCs could contribute to the "[g]radual obsolescence of paper
currency."
However, it seems like the Nigerians are rejecting the eNaira due
to a distrust of the government.
The BIS report notes that most Africans favor the anonymity
of cash. According to a Bloomberg report from October 2022,
only 0.5 % of Nigerians are using the country's CBDC so far, which
was introduced in October 2021.
Nick Giambruno, the founder of The Financial Underground, wrote
on Twitter that "[t]he eNaira has been a massive failure."
It also said Nigerians view the eNaira as "a symbol of distrust
in the ruling elite" and that the people view the government as
"hostile to them and therefore have no interest in anything
it introduces."
https://twitter.com/NickGiambruno/status/1587910531234553856
Giambruno said the elites around the world "have closely followed
the eNaira."
"They used Nigeria - Africa's largest country by population and size
of its economy - as a Petri dish to test their nefarious plans to use
CBDCs to enslave the people of North America, Europe, and
beyond."
According to Giambruno, the elites were surprised that only 0.5%
of Nigerians use the CBDC since the African country has one of
the highest usage rates of Bitcoin.
"They figured Nigerians wouldn't be able to differentiate between
Bitcoin and the eNaira - they are both digital currencies, after
all," Giambruno wrote.
However, Nigerians seem to be able to tell the difference between
a decentralized cryptocurrency like Bitcoin and a centralized
digital currency issued by the central bank.
"It [the Bloomberg article] also said Nigerians view the eNaira
as 'a symbol of distrust in the ruling elite' and that the people
view the government as 'hostile to them and therefore have no
interest in anything it introduces,'" Giambruno stated.
Giambruno congratulated the people of Nigeria for largely
rejecting the centralized digital currency:
To all the Nigerians rejecting the eNaira, I say bravo!
The failure of CBDCs in Nigeria could throw sand in the gears
of the elites' plan to implement them worldwide. That would be
a big positive for human freedom.
https://twitter.com/NickGiambruno/status/1587910533822308352
It remains to be seen if the Nigerian government and other
governments around the world will attempt to coerce people into
using CBDCs by linking them to digital IDs, since right now it seems
citizens are not accepting the new technology voluntarily.

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