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

🗝️ℹ️ (Key Information)

CBDC Status: Pilot

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 9.1%

"Central Bank Digital Currencies (CBDCs) in 🇨🇳 are raising human rights concerns, as per a news piece from the Human Rights Foundation."

✅ The Human Rights Foundation has released a report sounding an alarm over the potential human right risks posed by the development of Central Bank Digital Currencies in 🇨🇳.

✅ The report mentions how the new digital financial instruments, if misused, could become tools of surveillance, violating the rights to privacy.

✅ It is believed that CBDCs are intended to replace physical currency, and this could lead to a completely traceable monetary system controlled by 🇨🇳's central government.

✅ Such a system, the report suggests, eliminates the little financial privacy that the citizens of 🇨🇳 currently enjoy.

✅ The report asks international human rights organizations to closely follow the progress of CBDCs in 🇨🇳 and be ready to mount an advocacy campaign if necessary.

#HumanRights #DigitalCurrency #CBDC #PrivacyRights #FinancialSurveillance

How can the international community ensure that the evolution of CBDCs does not compromise human rights, especially the right to 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)

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