The decision came despite mounting concerns that governments all around the world will use the systems to monitor how people spend their money and crush those who oppose the current regime.
Discussions were already underway to create international regulations for cryptocurrencies, the globalist group said, while claiming that there was “no talk of banning cryptocurrency” at the summit.
The people who oppose the globalist rule said that the concern is that governments and central banks will eventually regulate even cryptocurrencies and then immediately replace them with central bank digital currencies [CBDCs] that are neither private nor secure, unlike many cryptocurrencies.
These concerns were not unfounded because Indian Finance Minister Nirmala Sitharaman said that the globalists already started building a framework to regulate crypto assets.
Sitharaman also added that he and other tyrants with power all around the world believe that cryptocurrencies cannot be regulated efficiently without international pressure on these currencies.
“India’s [G20] presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” she said.
Among the top items that were discussed at the latest summit included “building Digital Public Infrastructure, Digital Economy, Cryptoassets, [Central Bank Digital Currencies].”
The G20 “helped shape a global perspective on how policymakers should deal with crypto assets,” according to Gita Gopinath, the International Monetary Fund’s first deputy managing director.
She then contradicted Sitharaman’s statement about cryptocurrencies by saying that there was “no talk of banning cryptocurrencies, indicating a global consensus against such measures” in the discussions.
Since cryptocurrencies are decentralized and do not operate under central banks’ control, which makes it impossible for governments to track them, banning these currencies would result in governments and banks controlling the money, imposing a social credit score system and deciding how their citizens can spend their money.
In addition to that, the governments would also be able to deny people access to their funds, enabling instant punishments for doing or saying something that goes against the mainstream narrative of the regime.