⚠️ HRF CBDC ⛓️🪙 alert from HRF for Australia (22-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.59%
One-Sentence Summary:
Australia's Reserve Bank navigates through significant ongoing human rights and societal concerns as it cautiously pilots Central Bank Digital Currencies (CBDCs).
Topics:
✅ The Reserve Bank of 🇦🇺 is pilot testing CBDCs, with the most recent pilot concluding in August 2023.
✅ Lingering public fears still revolve around potential misuse of CBDCs for financial surveillance, imposition of negative interest rates, and creating financial controls.
✅ Late in 2023, Reserve Bank of 🇦🇺 governor, Michele Bullock, noted that focus will likely shift towards wholesale CBDCs in future experiments.
✅ Despite being a generally free society, there's unease concerning how the implementation of CBDCs could possibly intimidate freedom of protests and travel within 🇦🇺.
✅ CBDCs, in conjunction with recently enacted protest restrictions, could potentially be leveraged to financially undermine activists and protestors.
✅ Citizens' freedom to travel, already strained by COVID-19 quarantine rules, could be further compromised with programmable CBDCs able to alert authorities about non-compliance with restrictions.
Hashtags:
#HumanRights #CBDCs #FinancialControl #PublicSurveillance #RightToProtest #FreedomToTravel #Australia
Question:
How can countries like Australia balance the technological progress of CBDCs without infrifying on their citizens’ basic human rights and freedoms? Share your perspectives on this complicated issue.
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
#plebstr
