G20 Announces Plan to Impose Digital Currencies and IDs Worldwide

G20 Announces Plan For Governments To Impose Digital Currencies And Digital IDs
G20 Announces Plan to Impose Digital Currencies and IDs Worldwide
Indian Prime Minister Narendra Modi welcomes leaders during opening session of the G20 Leaders' Summit in New Delhi on Sept. 9, 2023. Dan Kitwood/Getty Images
Bryan Jung
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The leaders of the Group of 20 nations have agreed to a plan to eventually impose digital currencies and digital IDs on their respective populations, amid concern that governments might use them to monitor their people’s spending and crush dissent.

The G20, which is made up of the world’s leading rich and developing nations and is currently under India’s presidency, adopted a final declaration on the subject over the weekend in New Delhi.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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