⚠️ HRF CBDC ⛓️🪙 alert from HRF for Croatia (29-DEC-2023)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 10.78%
One-Sentence Summary:
Croatia's National Bank questions the economic and strategic justification of Central Bank Digital Currencies (CBDCs) amid potential corruption risks.
✅ The Croatian National Bank's report states the introduction of a CBDC, or digital kuna, is not currently justified due to concerns about costs, risks, and questions open for exploration. 🇭🇷
✅ Croatia scores 84 out of 100 in Freedom House's 2023 Freedom report, which indicates significant freedom but the country struggles with corruption issues that could worsen with the adoption of CBDCs. 🇭🇷
✅ Corruption, including bribery, fraud, and nepotism, stands as a key issue, casting doubt on government promises to limit CBDC-related surveillance and control risks. 🤝🔍
✅ Reference reports from Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, and the U.S. State Department provide further insights into human rights and civil freedom violations. 🌍📘
✅ To understand the risks of CBDCs, one could turn to resources from the Cato Institute, which has detailed examinations and myth-busting materials on the subject. 🏦💼
#CentralBanking #HumanRights #CBDCs #FinancialFreedom #Croatia
Ending thought to our community: With corruption posing a significant challenge in countries like Croatia, how can Central Bank Digital Currencies be designed and implemented in a way that safeguards against potential abuses while promoting economic progression? Join the conversation below!
Disclaimer: This is an AI-generated summary of the original text from HRF, forigve fuck-ups plox. If you find it useful, ⚡ the Tracker Bot because the AI and Cloud bits are not free to run.
Source of data: https://cbdctracker.hrf.org/home (npub1zhqcda52mrvcc0vkwegwsp5xtpk6l6x5kqx85f06tu9lw5h6xx0scch0dw)
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