Goodbye Cash… Welcome to Surveillance, and Farewell to the Financial Freedom We Once Enjoyed

Where did you make your purchases? How much did you spend? What is your income? Which merchant do you interact with the most? Where did your money come from? Did you know that modern financial systems may even pinpoint your residence based on your daily purchasing patterns?

E-wallets and digital currencies are not just convenient and fast payment methods; they are systems that also collect comprehensive data revealing every detail of your financial life.

The lifespan of money in the new digital system may be limited. A time-based validity may be imposed on your funds, automatically reducing or deducting them if unused for a certain period, under labels such as holding fees or administrative charges. This could result in a partial or total loss of value if the money is not spent.

The financial freedom that existed with cash is gradually disappearing. With precise data on your income and expenses, these systems could potentially be used in the future to impose direct income taxes or financial restrictions on individuals and businesses.

International reports from BIS, Financial Times, and The Economist confirm that upcoming digital currencies (such as the Digital Dollar, Digital Riyal, and Digital Euro) will grant authorities greater powers for surveillance and social classification, all under the banner of “modernizing the financial system.”

Are you ready for this new reality? Share your opinions and experiences.