⚠️ HRF CBDC ⛓️🪙 alert from HRF for Chile (26-MAR-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 11.64%

One-Sentence Summary:

Chile's Central Bank considerate over issuance of Central Bank Digital Currencies cites potential risks to financial privacy and freedom, as per the Human Rights Foundation.

✅🇨🇱 In 2022, the Central Bank began exploring the possibilities of issuing a CBDC to aid national digital transformation and promote an inclusive, innovative payment system.

✅ Nonetheless, the Central Bank of Chile, due to inadequate information to finalize, will continue its research for several years.

✅ After two years of study, in 2024, the Central Bank released a second report, stating continued exploration of CBDCs, but without a firm commitment to issuing them.

✅ This report also flagged that a CBDC might not be the best policy tool for present issues and that severe risks could emerge from its issuance.

✅ Despite enjoying high ratings on the 2023 Freedom in the World report by Freedom House, concerns persist about risks the introduction of a CBDC could pose to financial liberty and privacy in Chile.

#CentralBank #HumanRights #Chile #FinancialFreedom #CBDC

How do you believe the issuance of CBDCs in 🇨🇱 could affect financial privacy and freedom? We welcome your thoughts on this significant development!

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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