Topic: Financial Inclusion

Queen Máxima of the Netherlands, acting as a UN Special Advocate, promoted the necessity of digital IDs for global financial inclusion at Davos. She argued that biometric digital IDs are essential not only for banking but also for tracking vaccinations, school enrollment, and government subsidies. Critics express concern that such systems require constant tracking via smartphones and centralized databases.

Cecilia Skingsley of the Bank for International Settlements spoke at an IMF symposium regarding the implementation of CBDCs. The discussion focused on "financial inclusion" for the unbanked, though critics suggest the system requires a digital ID and creates a permanent digital footprint for all transactions.