⚠️ HRF CBDC ⛓️🪙 alert from HRF for Czech Republic (29-DEC-2023)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 15.1%
One-Sentence Summary:
"Czech Republic's research into Central Bank Digital Currencies (CBDCs) raises concerns about corruption, anonymity, and state surveillance."
✅ The 👨💼 board member Vojtěch Benda of the 🇨🇿 Czech National Bank shares a progressive view of CBDC future, envisioning a wallet on citizens' phones for anonymous transactions, similar to cash.
✅ However, fellow board member Tomas Holub voices skepticism, doubting political willingness to grant such authority and expressing concerns about the feasibility of anonymous CBDCs due to anti-money laundering protocols.
✅ 🇨🇿 earned a commendable 92/100 in Freedom House's 2023 report, but struggles with corruption issues, which raises concerns about the impact of a potential CBDC in enhancing such problems.
✅ The planned CBDC for 🇨🇿, provided by the European Central Bank (representing the EU), casts doubt on the local government's ability to directly misuse it.
✅ Corruption, characterized by bribery and politically motivated investigations, in 🇨🇿 puts into question the integrity of any government promises to limit surveillance or control related to the CBDC.
✅ Several resources highlight human rights violation concerns relating to CBDCs, including reports by the likes of Amnesty International and the Cato Institute, among others.
#CBDCs #CzechRepublic #HumanRights #CentralBank #DigitalCurrencies #FreedomHouse #EuropeanUnion
🤔 How can strategies be developed to ensure CBDCs aren't deployed as tools for increased state surveillance, whilst also ensuring transparency in their governance? We'd love to hear your thoughts!
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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