⚠️ HRF CBDC ⛓️🪙 alert from HRF for Andorra (26-DEC-2023)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: %

One-Sentence Summary:

Andorra explores development of Central Bank Digital Currencies (CBDCs) amidst potential risks to financial privacy and freedom.

-✅ 🇦🇩 is researching the development of "programmable digital sovereign money" as detailed in Diari d’Andorra.

-✅ The new legislation is expected to serve as a means of payment and compensation, and offer a new way to issue state bonds.

-✅ Despite ranking well in Freedom House’s 2023 Freedom in the World report, the introduction of a CBDC could pose threats to financial privacy.

-✅ Human rights and civil liberties organizations like Amnesty International, Financial Tyranny Index, Human Rights Watch, Privacy International, and the U.S. Department of State express concerns over potential violations.

-✅ The Cato Institute offers deeper insights into the risks of CBDCs.

#HumanRights #FinancialFreedom #DigitalCurrency #Andorra #CBDCs

How can countries like 🇦🇩 ensure financial privacy and freedom while transitioning to a CBDC? What can be done to mitigate these risks?

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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