⚠️ HRF CBDC ⛓️🪙 alert from HRF for Czech Republic (29-DEC-2023)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 15.1%

One-sentence summary:

The debate heats up in 🇨🇿 over Central Bank Digital Currencies (CBDCs) amid concerns of corruption and the struggle with setting functional parameters.

✅ The 🇨🇿 is exploring the concept of Central Bank Digital Currencies (CBDCs), mirroring the functioning model of cash with the objective of anonymity while transactions.

✅ Vojtěch Benda and Tomas Holub, board members of the Czech National Bank, express divergent views on the structure and operation of CBDCs.

✅ The CBDC, if adopted in 🇨🇿, would come through the European Central Bank, representing the European Union, making the potential for government misuse debatable.

✅ 🇨🇿 scored 92 out of 100 in Freedom House’s 2023 Freedom in the World report but still struggles with issues of corruption— a factor that might worsen with the integration of CBDCs.

✅ Corruption in the form of bribery, subsidies, and politically motivated investigations persist in 🇨🇿, compounding concerns over the possible misuse of CBDCs for political favoritism.

Hashtags:

#CBDC #CzechRepublic #CentralBankDigitalCurrency #FreedomHouse #HumanRightsFoundation #EuropeanCentralBank

Question:

How do you think the potential misuse of CBDCs by governments can be curtailed to ensure these currencies serve their purpose of ease and efficiency and not become tools for corruption and control? 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

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