Vietnam has a population of just a hair over 100million people.
Headlines of late claim 86million accounts may be frozen/confiscated because the populace is refusing the final steps toward overly invasive KYC leading to Social Credit/CBDC implementation.
There are certainly overlapping business/personal identities in the 86million number, but if true it represents vastly more than half the population of adults.
I don’t understand what cultural issues might bear on this story, and I’ve learned that trying to do 10-minute research to present an “expert” opinion on social media is not the way I want to live my life right now.
But no matter how I size this up…if the story is even remotely valid on face, how could Vietnam exist as a country a year from now?
So this is overwhelmingly likely a social experiment, pushed on the Government of Vietnam from outside, that will be walked-back, used as a banking wargame if not precedent, and will be forgotten until it reappears next year in a new form.
But I can’t help wanting to see how things play out if none of the sociopaths involved in this blinks.
