⚠️ HRF CBDC ⛓️🪙 alert from HRF for Burma (28-DEC-2023)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 8.83%

One-sentence summary:

Burma considers Central Bank Digital Currency (CBDC) amidst concerns of its potential misuse for government surveillance and corruption.

✅ Major general Zaw Min Tun confirms Burma 🇲🇲 is researching potential Central Bank Digital Currencies (CBDCs), exploring collaborations with local companies or state-led development.

✅ Burma's 2023 score of 9/100 on Freedom House's 'Freedom in the World' report raises concerns that CBDC could further decline individual freedoms.

✅ Freedom House highlights concerns on potential misuse of CBDCs for state surveillance, as restrictions on personal expression and privacy escalated post 2021 coup.

✅ With the regime's record of monitoring private communications, the proposed CBDC could possibly amplify state surveillance.

✅ Corruption remains integral at both local and national levels in Burma, and the issuance of a CBDC could accentuate these issues.

✅ Freedom House points to certain corrupt practices, such as military leaders leveraging connections for personal gains, questioning the government's resolution to mitigate risks associated with CBDCs.

✅ Useful resources have been provided by organizations like Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, and the U.S. Department of State to better comprehend violation of rights and CBDC risks.

#Burma #CentralBankDigitalCurrency #FinancialRights #CivilLiberties #GovernmentSurveillance

To all our bitcoin enthusiasts and freedom advocates, how do you envision the coexistence of Central Bank Digital Currencies with individual freedoms and human rights, particularly in societies with constraints on privacy and expression? Share your thoughts and let's discuss!

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