KYC Updation Fraud: The Reserve Bank of India (RBI) has cautioned individuals about KYC updation frauds which has been ongoing lately. An individual is required to periodically update their KYC with their banks as per specified timelines. However cybercriminals are targeting gullible individuals in the name of KYC updation and hence if an individual is not cautious it can lead to financial loss.
Dear Chuck,
I read your new book on economic threats. What do you think of Chinaâs new digital currency? Isnât it a threat that should be on your list of Gray Swans?Â
Economic Observer
(Courtesy of Christian Economic Forum)
I wrote a book about Seven Gray Swansâtrends that threaten our financial future which are low probability occurrences that we tend to ignore. As I mentioned in the book, my list is not exhaustive. Thank you for reading the book; unfortunately, many of the events I described are rapidly developing. While I did not mention a specific threat of China, I did reference their social scoring system, and my book was released before they introduced their new digital currency. I will address your specific concerns and the advancements in their social scoring technology.Â