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

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 10.78%

One-Sentence Summary:

Croatian National Bank concludes CBDC is not economically or strategically justified due to concerns about corruption and the existing significance of cash in 🇭🇷 Croatia.

✅ The Croatian National Bank has discussed the potential implementation of a Central Bank Digital Currency (CBDC) but concludes it's not yet justified considering the prevailed role of cash and certain open questions.

✅ Despite a high freedom score of 84 from Freedom House in 2023, issues with corruption persist in 🇭🇷 Croatia, raising concerns over potential abuse and transparency around a countrywide CBDC.

✅ Concerns over pervasive corruption cast doubt on whether CBDC policies in 🇭🇷 Croatia could be manipulated for political favoritism and jeopardize promises of limiting surveillance or control.

✅ For a better understanding of human rights and civil liberties concerns in the CBDC context, reports and articles by Amnesty International, Financial Tyranny Index, Freedom House, and others offer more insights.

✅ For a dive into the CBDC related risks, the Cato Institute provides comprehensive resources.

#CBDC #CentralBanks #Croatia #DigitalCurrency #FreedomHouseReport #HumanRights

What if corruption was significantly reduced in 🇭🇷 Croatia, would you see a CBDC as a potentially positive development in such scenarios?

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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