According to a new report, the Brazilian Central Bank Digital Currency (CBDC) is said to be built with a function that allows the administration to freeze user cash and modify balances. The information became public after Pedro Magalhaes, a well-known blockchain developer and the creator of Iora Labs, was able to decode the CBDC’s technological underpinnings.

The Application Programming Interface (API), which is accessible on the monetary authority’s Github account, was examined by Magalhaes. His revelation revealed a potentially contentious control tool for the Brazilian government, but there has been an unsettling lack of response from authorities.

Brazilian journalist and cryptocurrency expert Vini Barbosa confirmed the information on social media. He verified Magalhaes’ judgment as a reporter for the crypto-focused news source Portal Do Bitcoin by claiming that he had had direct contact with the Brazilian government.

Barbosa clarified on Twitter, saying that according to the Central Bank’s statement, the authority to “freeze or arrest amounts” within the system is consistent with current Brazilian law.

Magalhaes at first thought that the freeze capability would be restricted to DeFi or CeFi activities, where a balance freeze could be necessary to carry out a smart contract activity. Magalhaes revealed the issue on LinkedIn for educational purposes. He was told, nevertheless, that the central bank had the authority to use this capability as and when it was judged essential.

This is very scary giving the government the ability to just take your money, or freeze it whenever they please.

Brazilians are worried about this because of their nation’s turbulent financial history. Their worries are not unfounded, as the Brazilian president once imposed an 18-month financial freeze on all Brazilians in the 1990s.

Magalhaes supports more openness and education of the general people as a means of limiting the central bank’s enormous control over the CBDC.

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Central banks around the world intend to implement central bank digital currency (CBDCs) in the form of microchips implanted under the skin, according to a well-known German economist, saying that with the use of this technology, the government will be able to completely control its citizens’ personal finances.

“I was taught by a central banker that the CBDCs look like a small grain of rice that they want to put under your skin,” said Richard Werner in an interview with podcaster Ivor Cummins. Werner is known for developing the now commonly used bank practice of quantitative easing.

CBDCs demand that users open bank accounts directly with central banks like the Federal Reserve, which gives governments control over how citizens access money. This is in contrast to other types of digital currency now in use.

“You have to think of CDBCs as a control system [or a permit system], not a currency,” Werner said, adding that people’s money “would no longer be truly their own.”

Werner considers implanted CBDCs a “violation of human dignity,” noting that central bankers themselves know that this common opinion among the masses “is a hurdle.”

“They say there’s a problem of trust because people suspect that governments and central banks are just trying to roll this out in order to monitor and control and restrict transactions. They’re absolutely right,” said Werner.

Cummins pointed out that thousands of people have previously consented to having microchips implanted under their skin to facilitate financial transactions and access to particular locations, even if implanted CBDCs may seem like a conspiracy theory to some. The first British person to have a bank card microchip implanted was able to make purchases late last year with just a tap of his hand.

According to a number of Christian authors, authoritarianism on a biblical scale will result if such technology becomes necessary for obtaining commodities and services.

Central banks will convince people to adopt CBDC microchip implants

Werner claims that in the beginning, CBDCs will be recruited through mobile apps. Why hasn’t it already been released? It’s not actually necessary. It’s up to us to generate that need,” Werner remarked.

He claimed that in order to persuade people to adopt CBDCs on the surface, central banks will likely employ a carrot-and-stick strategy, beginning by inducing economic crises that will lead to a demand for universal basic income (UBI), a government program in which every adult citizen receives a predetermined amount of money on a regular basis.

Then, the central banks will assert that they “need the CBDC chip implant” to effectively manage the UBI. According to Werner, such CBDCs will allow access to products and services to be denied in order to comply with legislative requirements.

Werner believes that one key step toward implementing implanted CBDCs was taken with the Wuhan coronavirus (COVID-19) pandemic, which provided justification for the implementation of vaccine passports.

Werner’s assertion appeared to be supported by Catherine Austin Fitts, a former assistant secretary of housing for the United States, who previously stated that the COVID-19-enforced measures created the framework for a global central banking system and a technocratic “regulatory and economic model that permits far greater central control.”

According to Fitts, social credit and digital surveillance will make it possible for the central bank-controlled “credit” to be “adjusted or turned off on an individual basis.”

This idea of microchipping the public is not a new idea. Head of the World Economic Forum, German engineer, and economist, Klaus Martin Schwab has been stating for years that the public must be microchipped. He’s even gone on to compliment China and their social credit score system.

Watch the video below to learn more about the central banks’ plan to introduce a CBDC microchip implant to the public:

https://www.brighteon.com/f5f25b6c-a99f-44a3-b9b9-0c45703d95f1

Sen. Bernie Sanders and a group of congressional Democrats conducted a seven-month investigation that resulted in a shocking report that was released on Wednesday. The report revealed that private tax preparation companies have been secretly sharing sensitive personal information with tech giants for years, a practice that the lawmakers deemed outrageous and possibly illegal.

The report, spearheaded by Sen. Elizabeth Warren (D-Mass.) in the Senate and Rep. Katie Porter (D-Calif.) in the House, notes that TaxAct, H&R Block and TaxSlayer “used computer code — known as pixels — to send data to Meta and Google.”

“While most websites use pixels, it is particularly reckless for online tax preparation websites to use them on webpages where tax return information is entered unless further steps are taken to ensure that the pixels do not access sensitive information,” the lawmakers’ 54-page report states.

“Yet, the tax prep companies described this as a ‘ubiquitous’ and ‘common industry practice.’”

The three major tax preparation companies, who have vehemently opposed efforts to create a free Internal Revenue Service (IRS) tax filing program, have acknowledged exchanging taxpayer data by using Google and Meta Pixel capabilities.

“The Meta Pixel and other Meta tools used by TaxAct collected far more information than was previously reported,” the report reads.

“In addition to taxpayers’ filing status, approximate [adjusted gross income], approximate refund amount, and names of dependents, the Pixel collected approximate federal tax owed and buttons that were clicked and names of text-entry forms that the taxpayer navigated to.”

“H&R Block and TaxSlayer also revealed an extensive list of data shared via the Meta Pixel, including transmitting information on whether taxpayers had visited pages for many revealing tax situations,” the report adds.

“Although the tax prep companies and Big Tech firms claimed that all shared data was anonymous, the FTC [Federal Trade Commission] and experts have indicated that the data could easily be used to identify individuals, or to create a dossier on them that could be used for targeted advertising or other purposes.”

Facebook’s privacy policy states that it “may retain” data gathered with the Meta Pixel for up to two years.

The disclosures in the Senate report constitute “a five-alarm fire” for taxpayer privacy, according to David Vladeck, a law professor at Georgetown University and a former head of consumer protection at the FTC.

“On a scale from one to 10, this is a 15,” said Vladeck. “This is as great as any privacy breach that I’ve seen other than exploiting kids.”

The lawmakers alerted key federal agencies to their findings in a letter on Wednesday and demanded prosecution for “any company or individuals who violated the law.”

“The findings of this report reveal a shocking breach of taxpayer privacy by tax prep companies and by Big Tech firms that appeared to violate taxpayers’ rights and may have violated taxpayer privacy law,” the lawmakers wrote.

“The Internal Revenue Service, the Treasury Inspector General for Tax Administration, the Federal Trade Commission, and the Department of Justice should fully investigate this matter.”

“We also welcome the recent IRS announcement of a free, direct file pilot next year, which will give taxpayers the option to file taxes without sharing their data with untrustworthy and incompetent tax preparation firms,” they added.

SOURCES: SENATE OVERSIGHT REPORT, POLITICO, CNN, FACEBOOK