⚠️ HRF CBDC ⛓️🪙 alert from HRF for Algeria (26-DEC-2023)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 9.27%
One-Sentence Summary:
The Algerian government's plan to adopt Central Bank Digital Currencies (CBDCs) raises concerns due to the country's scores on corruption, media restrictions, and discrimination.
✅ Algerian Prime Minister Aimene Benabderrahmane announced 🇩🇿Algeria's intention to introduce a CBDC, the Digital Dinar, on Dec 26, 2022.
✅ Freedom House's 2023 report scores Algeria at 32/100, flagging corruption, media censorship, and discrimination as prevalent issues within the country.
✅ The Freedom House report indicates that pervasive corruption at all government levels in the country raises questions about the promise of minimizing surveillance, control, or other risks of CBDCs.
✅ It's been reported that the Algerian government routinely restricts media activity and the implementation of a CBDC could facilitate greater control over citizens, including the freezing and seizure of funds.
✅ The use of CBDCs also raises concerns about the potential for increased surveillance and identification of persecuted religious minorities in Algeria.
✅ Reports by Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, U.S. Department of State, and Cato Institute provide further insights into these issues.
Hashtags:
#HumanRights #Finance #CBDC #GovernmentSurveillance #FreedomHouse #AlgerianPolitics
Question:
What safeguards could be put in place to protect individual rights and freedoms with the implementation of a Central Bank Digital Currency? Let's have a thoughtful discussion about this!
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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