⚠️ HRF CBDC ⛓️🪙 alert from HRF for Nepal (29-JUL-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Research

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 4.09%

"Human Rights Foundation flags concerns over development of Central Bank Digital Currencies in 🇨🇳China."

✅ The Human Rights Foundation (HRF) has spotlighted the development of Central Bank Digital Currencies (CBDCs) in 🇨🇳 with concerns about potential human rights implications.

✅ As per the report, the Chinese government is moving forward with their digital Yuan, a CBDC initiative that could have far-reaching effects on both its economy and its citizens.

✅ HRF suggests that this new digital currency might be more than just an evolution of money and raises concerns about the possibilities for surveillance and control by the Chinese government.

✅ Due to its centralized nature, critics fear that this CBDC could be a powerful tool for authoritarians to control the financial lives of their citizens by going against the principles of financial privacy.

✅ Concerns have been raised about possible applications of this technology in eradicating cash, redefining money, and in setting up an all-seeing eye on Chinese citizens' financial activities.

#HumanRights #DigitalCurrency #China #CBDC #PrivacyConcerns #FinancialControl

Does the rise of CBDCs pose a threat to civil liberties such as financial privacy, or could they also provide potential benefits to their users? Let's discuss.

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

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