⚠️ HRF CBDC ⛓️🪙 alert from HRF for Iran (18-AUG-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2022-09-12
CBDC Model: Retail
CBDC Issued: ¤236,811
Inflation Rate: 43.39%
TEXT:
The Human Rights Foundation (HRF) recently released a report on the Central Bank Digital Currencies (CBDCs) development in Cuba. As part of its broader campaign on 'Freedom & FinTech', the report does raise concerns about the potential misuse of CBDCs for furthering government surveillance.
The Cuban government has been ramping up support for this new form of digital currency as part of efforts to stabilize the country’s economic situation. However, HRF is worried about their plan because it could lead to greater government control, threatening citizens' financial privacy and freedom.
According to HRF, other countries like China and Russia are using CBDCs as a means to bypass current financial systems and gain more control and oversight over their citizens' transactions. While CBDCs have the potential to offer many benefits, in the hands of oppressive regimes, they may become tools for surveillance.
Despite the repeated criticism from global watchdogs, Cuba is pushing through with their CBDC plan. The government hopes to execute this plan within the next year.
Post:
"Cuban 🇨🇺 push for CBDCs sparks concern over increased government surveillance. #HumanRights #FinTech"
✅ The Human Rights Foundation fires a warning about Cuba's 🇨🇺 exploration into CBDCs, suspecting potential surveillance risks.
✅ The Cuban 🇨🇺 government hails CBDCs as a tool for economic stabilization amidst fears of governmental overreach.
✅ The HRF cites China 🇨🇳 and Russia 🇷🇺 as examples of countries misusing CBDCs for increased control and oversight over citizens' finances.
✅ Despite international concern, Cuba 🇨🇺 continues pressing ahead with plans to roll out a CBDC within the next year.
#Cuba #DigitalCurrency #EconomicFreedom #GovernmentSurveillance
What does the pursuit of CBDCs in countries like Cuba 🇨🇺 mean for the future of financial privacy and individual freedom? Let's 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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