⚠️ HRF CBDC ⛓️🪙 alert from HRF for Sweden (29-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.37%
One-Sentence Summary:
Despite conducting several phases of Central Bank Digital Currency testing, the 🇸🇪 Sveriges Riksbank's decision to introduce an e-krona remains political, albeit with considerations surrounding risks to financial privacy and freedom.
✅ In 2020, 🇸🇪 Sveriges Riksbank partnered with Accenture to run a CBDC pilot.
✅ 🇸🇪 has been exploring CBDC options since 2016, with primary concerns revolving around the declining use of cash.
✅ Several reports from 2021 to 2023 highlighted the potential for uniquely identifiable e-kronor, offline payments, and programmable payments.
✅ The Sveriges Riksbank also collaborated with the Bank for International Settlements on cross-border transactions involving CBDCs, through Project Icebreaker.
✅ However, the decision to actually introduce an e-krona in 🇸🇪 remains a political discussion.
✅ The results of the 2024 tests indicated that offline capability would demand significant developmental efforts.
✅ Despite earning a perfect score on Freedom House's 2023 Freedom in the World report, the introduction of a CBDC in 🇸🇪 could still pose risks to financial privacy and freedom.
#SverigesRiksbank #E-krona #CBDC #Financialprivacy #HumanRights #FreedomHouse
Question: Given the potential threats to financial privacy and freedom, should nations with a high freedom index, like 🇸🇪, proceed cautiously with the implementation of CBDCs, despite technological feasibility? Your thoughts are invaluable, let's engage respectfully.
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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