⚠️ HRF CBDC ⛓️🪙 alert from HRF for The Bahamas (08-MAR-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Launched

CBDC Launch: 2020-09-30

CBDC Model: Retail

CBDC Issued: ¤1,938,098

Inflation Rate: 5.61%

One-Sentence Summary:

The Bahamian Central Bank Digital Currency (CBDC), launched in 2020, struggles with low adoption amid concerns over civil liberties and increasing government surveillance.

Topics:

✅ The launch of the Bahamian CBDC (Sand Dollar) occurred in 2020, but users have been slow to adopt it despite government incentives 🇧🇸

✅ There is a two-tier wallet system in place, limiting users without an ID to $500 holdings and $1500 monthly transactions 🇧🇸

✅ Despite high rankings in Freedom House's 2022 report, concerns persist in 🇧🇸 over government corruption and harsh immigration policies

✅ CBDCs' surveillance capabilities could potentially worsen these issues, enabling government to establish 'virtual checkpoints' with every transaction 🇧🇸

✅ Fear of corruption and retaliation discourage whistleblowing, a problem that may be amplified with direct government access to personal finances through a CBDC 🇧🇸

Hashtags:

#HumanRights #GovernmentSurveillance #CBDCs #DigitalCurrencies #FreedomInfringements

Question:

Do you believe that the potential misuse of Central Bank Digital Currencies validates the concerns raised? Bearing in mind the implications for civil liberties and potential for increased government surveillance—how can we ensure CBDCs are used responsibly while protecting individual freedom and rights?

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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