Reply to post: Re: Why the uproar ?

China to test digital version of its currency at 2022 Winter Olympics

Aleph0
Big Brother

Re: Why the uproar ?

I'll reply in his/her stead.

I work for a bank based in a different European country, and each of our customers opening an account has to sign a form declaring that they aren't a citizen or prior resident of the US, and that form has to be archived and kept available for inspection.

Look up FATCA ( https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act#International_implementation ). Now imagine if each country demanded similar paperwork...

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021