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I post this only as an aside to the continuing CBDC talk and moves away from tangible money

MsMorrisineMsMorrisine Posts: 32,012 ✭✭✭✭✭

A record 8.5 million Chinese borrowers – about 1% of the country's working-age adults – are blacklisted by their government for failing to pay their debts, the Financial Times reported on Sunday.

The 8.54 million blacklisted borrowers, who are mostly aged between 18 and 59, are barred from buying airplane tickets, making mobile payments using apps like Alipay, working for the government, using toll roads, and engaging in many other activities, the paper reported.

https://www.msn.com/en-us/money/markets/a-record-8-5-million-chinese-borrowers-are-now-blacklisted-for-not-paying-their-debts-a-report-says-they-re-feeling-the-same-financial-pressures-as-americans/ar-AA1kYPPu

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