⚠️ HRF CBDC ⛓️🪙 alert from HRF for China (19-SEP-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Launched

CBDC Launch: 2020-04-01

CBDC Model: Retail

CBDC Issued: ¤1,810,000,000

Inflation Rate: 1.97%

TEXT: "The Human Rights Foundation has raised concerns about the development of the Central Bank Digital Currencies (CBDCs) in China. The Foundation's report implies that the creation of a CBDC would enable China's communist government to further violate human rights through control over the population's finances. The CBDC system would give the government transparent view and sanctioning power over all financial transactions which may lead to a higher level of state surveillance and control."

One-Sentence Summary:

Human Rights Foundation sounds alarm on China's🇨🇳 potential human rights infringement through the development of Central Bank Digital Currencies.

✅ The Human Rights Foundation has voiced concerns about China's🇨🇳 development of Central Bank Digital Currencies (CBDCs).

✅ The report posits that a CBDC could empower China's🇨🇳 authoritarian regime with further control over citizen's finances, potentially infringing on human rights.

✅ The Foundation speculates the CBDC system would allow the state a transparent view and the ability to sanction all financial transactions, possibly escalating state control and surveillance.

#HumanRightsFoundation #China #CBDCs #FinancialSurveillance #StateControl

How do you think the development of CBDCs in authoritarian regimes, such as China's🇨🇳, could alter the global dialogue around digital currencies and their role in society?

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)

CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3

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