⚠️ HRF CBDC ⛓️🪙 alert from HRF for Malta (14-SEP-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 6.15%

"Human Rights Foundation Raises Concerns About Rollout of Central Bank Digital Currencies in This 🌎 Country"

✅ The Human Rights Foundation issues an alert about the recent developments of Central Bank Digital Currencies (CBDCs) in 🇨🇳.

✅ Worries exist that the state could use these new digital currencies to tighten control over citizens' financial affairs.

✅ Concerns have been exacerbated as the foundation reveals that 🇨🇳's authorities have not clarified how privacy and anonymity issues will be addressed in the country's CBDCs rollout.

✅ 🇨🇳 has not made it clear if and how records of CBDC transactions will be stored, nor who will have access to this data.

✅ Critics fear increased surveillance and potential violation of financial privacy rights.

✅ Highlighting past instances of human rights abuses, observers worry about how this technology might be used by the authoritarian regime.

#HumanRights #FinancialPrivacy #CBDCs #Surveillance

How can digital currencies be developed and managed in a way that respects human rights and individual privacy, especially in countries with a track record of violating these principles?

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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