Ukraine’s 'Great Reset' has begun
Frontline News reported earlier this month how central bank digital currency (CBDC), which is money given to citizens directly by their governments so that transactions can be monitored and controlled, is an essential component of the World Economic Forum’s (WEF) agenda.
The WEF’s global agenda, called The Great Reset, entails a digital transformation of countries and their citizens, which requires three elements: digital IDs, digital payments and data governance.
“Digital ID, digital payments, and data governance are each important individually. Together, they add up to a powerful public good,” says the WEF on its website.
Digital IDs allow governments to allot digital payments to their citizens directly, otherwise known as central bank digital currency (CBDC). This then allows the government to exercise more data governance by seeing every transaction performed with that money and even controlling its use.
As Frontline News recently reported, economist Dr. Pippa Malmgren explained this as part of the new world order at March’s World Government Summit, saying that CBDC “means digital, it means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on...most people think that digital money is crypto and private. But what I see are superpowers introducing digital currency.”
Ukraine’s Digital IDs
Last year, Ukraine introduced the Diia app, a mobile application on which Ukrainian citizens have digital IDs (including vaccine passports) and can perform government-related tasks within the app.
“Ukraine has become the first country with a digital ID that is valid and can be used everywhere within the country,” the country boasts on its website. The government also clarifies that it is moving towards offering all public services on the app.
Ukraine’s Digital Payments
On April 5th, Ukraine’s Minister of Digital Transformation Mykhailo Federov tweeted that Ukraine had begun to make its first digital payments through the app to compensate Ukrainians for the war with Russia.
“This is how the Diia mobile application works during the war,” wrote Federov. “In the last month, almost 5 mln Ukrainians from war-affected regions got state support of UAH 6,500 with one click. It would take months to launch such support in an offline format.”
As reported by Bitcoin.com, Federov also previously said that the country’s first CBDC is already in progress.
“We have it on the table as one of the first pilots, the payment of salaries to employees of the Ministry of Digital Transformation in electronic hryvnia,” the Digital Transformation Minister said in an interview last year.
Ukraine’s Data Governance
Data governance has already been introduced by offering government services through Diia. As Ukraine’s citizens submit all their public services requests through the app and use their digital IDs to ride transportation and make purchases, there will be no data outside the government’s purview.
It remains to be seen how that will evolve practically, however. Once CBDC is officially introduced, it will be entirely up to the Ukrainian government if and how that currency is governed.
