⚠️ HRF CBDC ⛓️🪙 alert from HRF for Anguilla (07-NOV-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Launched

CBDC Launch: 2021-02-28

CBDC Model: Retail

CBDC Issued: ¤110,132

Inflation Rate: %

"Central Bank Digital Currencies (CBDCs) development in the spotlight as the Human Rights Foundation raises state privacy concerns."

✅ The Human Rights Foundation raises alarm over 🇺🇳 unidentified nation's recent efforts in developing Central Bank Digital Currencies (CBDCs).

✅ Increased state surveillance could result from this CBDC initiative, leading to a potential erosion of personal privacy.

✅ CBDCs could potentially allow the government an alarming level of visibility into citizens' personal transactions.

✅ Rather than fostering innovation, state-driven CBDCs may strip away liberties, such as financial privacy, long cherished in modern societies.

✅ The Human Rights Foundation calls for an open dialogue to explore the risks and benefits of CBDCs on a global scale.

#HumanRights #Finance #Fintech #DigitalCurrencies #Privacy #Cryptocurrency

Are we ready for the global adoption of CBDCs knowing the potential risk it poses to individual privacy, or should we encourage more decentralized, non-state-driven digital currency solutions? Let's discuss!

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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