OK so over the years i have read many regulations and CBDC whitepapers and policies where i was under the implied impression that payment services had a data protection policy and regulation, in which with regards to other regulations and policies suggested that payment services only had to report information of customers to specific authorities if customers breached certain suspicion thresholds or value thresholds. where by depending on the event only that threshold event(not all records) is forwarded on to the specific authority dealing with that particular event. EG value amount thresholds go to the tax office and suspicion of criminal behaviour goes to the financial crimes department. where those departments investigate to see if it warrants a deeper look to then get a court order to then and only then gain access to that customers full records/data held by the payment services(bank)
however many people in this forum were talking about CBDC how they will surveill and sanction people for stupid reasons.. and until this week i thought that was tin foil myth stuff.. because the whitepapers and policies WERE like the current due process mentioned first paragraph. yep even the likes of china's CBDC had payment services keeping the data and authorities only requesting full data with court order
however reading this: (about UK government and people in receipt of social security (unemployment/disability/pensions))
https://www.msn.com/en-gb/money/other/dwp-propose-investigators-look-at-where-people-spend-their-money-to-stop-benefit-fraud/ar-AA1jnkOY?ocid=finance-verthp-feeds&cvid=2f3bbc2212ad4f89e9402ec193b72501&ei=11The Department for Work and Pensions (DWP) is looking at potential legislative measures to help reduce levels of fraud, error and debt in the benefits system, as set out in the May 2022 policy paper, 'Fighting Fraud in the Welfare System'.
The potential legislative measures include providing greater third-party access to data, which could see trained investigators collecting information from banks on where claimants are spending money. Trained investigators would also be able to execute search and seizure orders and make arrests,
this got me thinking.
UK government want full access to every spending habit of people on social security purely to find odd spending habits they can use to stop paying vulnerable claiming people
i get it there are lots of fraudsters.. but if someone is privately working but pretending to be housebound the tax authorities can simply request a report on anyone in receipt of more then just social security.
if this new access policy was to be activated and if UK were to make a CBDC giving out some "universal basic income"(replacing social security) they would want to see how people are spending it(so the tin foil hatters were not so insane after all)
for instance the easy ones, if you say you are disabled and unable to walk 100m. if they spot a "card present" transaction in a supermarket. knowing these stores are long aisle of walking and card present means its someone physically in the store. they can claim you are not disabled because you were able to go shopping.. and your social security income/CBDC universal income stops
yes i can understand that someone genuinely housebound-disabled wouldnt be able to shop around a large supermarket. but their carer could. whereby someones payments are stopped until the disabled person can (months later) defend their case to explain the carer had the card in question. to re-initialise the payments
this can also be for instance if you have an add-on payment due to level of support needed. EG pay for a carer to cook for you. but they see instead of paying a care provider you are shown to have just ordered via uber-eats. this can have implications that you do not need a carer and that add-on stops.. again your unable to cook for yourself so order ubereats as a convenience compared to hiring a personal chef.. but that can only be defended at a later date appeal
..
before this i had the (false sense of trust) mindset that payment processors only had policies/legislation to reveal vague accounting information to central authority in a SARS report IF the payment processor found possible suspicions of crimes(laundering and such). where a court order was needed for full access data..
however just being in receipt of central government social security will soon allow the social security department to read ALL of your income and spending habits to then see if they can find a crime/suspicion
so again. it seems the dystopia of CBDC conspiracy is actually a possibility