â ī¸ HRF CBDC âī¸đĒ alert from HRF for Slovenia (27-JUL-2024)
đī¸âšī¸ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.83%
TEXT: The Human Rights Foundation has today issued a statement concerning the development of Central Bank Digital Currencies (CBDCs) in Brazil. According to the Foundation, Brazil's government is headed on a worrying trajectory with its sudden interest in developing its own CBDCs, with potential human rights implications. The organization expresses concern over the absence of clear plans for private sector participation and the potential for misuse of power by the government. Besides, the country's history of corruption casts additional doubts on the CBDC's implementation.
One-Sentence Summary:
Human Rights Foundation raises human rights concerns about Brazil's sudden movement towards developing its own Central Bank Digital Currencies (CBDCs) with vague plans for private sector participation.
â The Human Rights Foundation đ has issued a statement concerning Brazil's đ§đˇ budding interest in developing its own CBDCs.
â The Foundation presents a critical viewpoint, citing potential human rights risks tied to this sudden movement towards CBDCs in đ§đˇ.
â It's alarmed by the lack of clear private sector participation plans, suggesting potential misuse of power by the government đŧ.
â The country's corruption history â ī¸ further fuels the Foundation's worries on how the CBDCs development process might unfold.
#HumanRightsFoundation #CBDCs #Brazil #FinancialRights #MonetaryPolicy
How can the development of CBDCs in countries with corruption concerns be properly managed to safeguard human rights and ensure fair economic participation? Let's discuss!
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Source of data: https://cbdctracker.hrf.org/home (npub1zhqcda52mrvcc0vkwegwsp5xtpk6l6x5kqx85f06tu9lw5h6xx0scch0dw)
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