⚠️ HRF CBDC ⛓️🪙 alert from HRF for Vanuatu (21-OCT-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 2.34%

"Human Rights Foundation expresses concerns over the development of Central Bank Digital Currencies (CBDCs) in 🇨🇳 China, citing potential human rights and privacy violations."

✅ The Human Rights Foundation (HRF) has voiced concerns over China's development of a CBDC.

✅ HRF fears the digital currency could be used to infringe upon citizens' privacy rights and enable state surveillance.

✅ Given China's history of using technology to monitor and control its population, these concerns are not unfounded.

✅ The HRF calls on international institutions to intervene and monitor the situation closely, highlighting the potential risk of monetary and economic dominance by China.

#HumanRights #CBDCs #China #DigitalSovereignty #Privacy

What implications could this development have for the future of digital rights worldwide – especially in authoritarian regimes like China? How can digital currencies be made both secure and respectful of personal privacy? 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)

CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3

#plebstr