⚠️ HRF CBDC ⛓️🪙 alert from HRF for Chile (28-DEC-2023)

🗝️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:

"Central Bank of Chile assesses potential for Central Bank Digital Currency, highlighting potential benefits but stressing the need for further studies due to its impact on financial privacy and freedom."

✅ Central Bank of Chile is currently researching on CBDCs and its first evaluation in 2022 suggested CBDCs could boost Chile's digital transformation and lead to a more inclusive, innovative payment system.

✅ However, the Central Bank of Chile also understands the need for more data, and has thus planned further studies and tests before making a final decision.

✅ 🇨🇱 ranks 94/100 on the Freedom House’s 2023 Freedom in the World report, indicating high scores on most metrics. Yet, the development of a CBDC could present risks to financial privacy and freedom.

✅ Various global organizations like Amnesty International, the U.S Department of State, and more share insights on concerns about breaches of human rights and civil liberties.

✅ The Cato Institute's webpage and report provide valuable insights on risks associated with CBDCs.

#CentralBankDigitalCurrency #HumanRights #FinancialFreedom #Chile #DataPrivacy

Question: Understanding that the adoption of CBDCs can potentially enhance digital transformation, how should countries like 🇨🇱 reconcile this with the possible infringements on financial privacy and freedom? We'd love to hear your opinions!

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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