So this is the future of Digital Money?!

Janet Yellin, momentarily our Treasury Secretary, advocates that the U.S. adopt a CBDC, Central Bank Digital Currency. Basically an electronic dollar with a “tail” showing the history of its use. The dollar would record who has it now and who had it previously so the Government would be able to know whether the present owner paid taxes in order to receive that dollar. This is being done now in Communist China. Digital RMB See also: Digital renminbi

Digital RMB or digital Yuan is a centralised digital currency issued by the People's Bank of China (PBOC) in order to facilitate transactions as a supplement and possible eventual replacement of a physical national currency. As of 2021, the project is still pilot stage rolling out across select Chinese cities such as Beijing, Shanghai, Shenzhen, Chengdu, Changsha and Suzhou.[93] Widespread adoption would theoretically allow authorities to see economic activity in real time in addition to all financial transactions which occur in an economy leading to greater surveillance and ability to maintain social control using techniques such as restricting transactions of certain entities or groups, optimising surveillance to the individual level.[94]