⚠️ HRF CBDC ⛓️🪙 alert from HRF for Vietnam (08-OCT-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 3.16%

TEXT: The Human Rights Foundation (HRF) released a report today on Central Bank Digital Currencies (CBDCs). This report, focusing on 🇨🇳 China's development of a CBDC, raises serious concerns around privacy and surveillance. The team at HRF argues that the development of a Chinese CBDC will lead to state-controlled digital money, increasing the government's capability to track and control citizens' transactions. Further, HRF urges other countries to be wary of implementing CBDCs that infringe citizens' privacy rights.

One-Sentence Summary:

The Human Rights Foundation warns of privacy concerns and increased surveillance with 🇨🇳 China's development of Central Bank Digital Currencies.

✅ The Human Rights Foundation released a report on CBDCs, spotlighting the concerns regarding 🇨🇳 China's progress.

✅ HRF insists the creation of a Chinese CBDC could result in state-run digital money and enhance the governments' ability to oversee and regulate citizens' transactions.

✅ The Foundation advises other nations to be cautious when implementing CBDCs that could possibly violate citizens' privacy rights.

#HumanRightsFoundation #CBDC #PrivacyRights #DigitalCurrencies #StateSurveillance

How do you think the development of CBDCs, like China's, could impact the balance between state control and individual freedom, particularly in the area of financial transactions?

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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