⚠️ HRF CBDC ⛓️🪙 alert from HRF for Uruguay (08-OCT-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Pilot

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 9.1%

"The Human Rights Foundation reports the development of Central Bank Digital Currencies (CBDCs) in China, causing apprehension due to potential privacy intrusions."

✅ The Human Rights Foundation's recent report highlights the development of 🇨🇳's Central Bank Digital Currencies (CBDCs).

✅ The report states that CBDCs could tamper with citizens' privacy rights.

✅ Critics voice concerns about the interference of the central government in individual transactions.

✅ In theory, CBDCs are blockchain-based digital currencies controlled by the government.

✅ The privacy aspect becomes a concern as transaction details might be accessible to the government.

#HumanRights #PrivacyRights #CBDCs #DigitalCurrencies #CentralBank

What are your thoughts on the impact of CBDCs on individual privacy and financial independence in countries like 🇨🇳?

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)

CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3

#plebstr