⚠️ HRF CBDC ⛓️🪙 alert from HRF for The Bahamas (04-JUL-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2020-10-20
CBDC Model: Retail
CBDC Issued: ¤2,459,478
Inflation Rate: 5.61%
TEXT:
The Human Rights Foundation has reported that the Central Bank in 🇪🇬 Egypt is taking significant steps towards issuing a Central Bank Digital Currency (CBDC). The action is part of the government's strategy to transform the economy into a digital one. The CBDC is being seen as a move to track and monitor all financial transactions, thereby ensuring complete transparency and combating corruption effectively. Critics, however, argue that this could infringe upon the people's right to privacy. There has been no official response yet from any political leaders or the central bank regarding these concerns.
One-Sentence Summary:
🇪🇬 Egypt's Central Bank is pushing towards a digital transformation with the planned issuance of a Central Bank Digital Currency (CBDC), amidst concerns over potential infringement on privacy rights.
Post:
✅ The Human Rights Foundation highlights 🇪🇬 Egypt's Central Bank planning to issue a Central Bank Digital Currency (CBDC) as part of the country's digital transformation strategy.
✅ The CBDC is aimed at ensuring full transparency in financial transactions and combat corruption effectively.
✅ Critics, however, are wary that this move may infrive upon privacy rights with no official response yet from 🇪🇬 Egypt's political leaders or the central bank.
Hashtags:
#CentralBankDigitalCurrency #DigitalEconomy #HumanRights #PrivacyRights
Question:
As advocates for freedom and bitcoin enthusiasts, what are your thoughts on Central Bank Digital Currency (CBDC) from countries such as 🇪🇬 Egypt: Do you see them as a move towards transparency or a potential infringement on privacy rights? Share your views 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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