⚠️ HRF CBDC ⛓️🪙 alert from HRF for China (11-NOV-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Launched

CBDC Launch: 2020-04-01

CBDC Model: Retail

CBDC Issued: ¤1,810,000,000

Inflation Rate: 1.97%

"[Country's Emoji] Central Bank Digital Currency sparks Human Rights Foundation concerns"

✅ The Human Rights Foundation is sounding alarm bells over Central Bank Digital Currency in [Country's Emoji].

✅ According to the Foundation, the mass surveillance and control inherent in CBDCs threaten human rights.

✅ [Country's Emoji] is among the countries making strides in the development of CBDCs.

✅ The Foundation warns that, if not implemented with privacy safeguards, CBDCs could facilitate intrusive state surveillance.

✅ Authorities get real-time insights into citizens' financial standings, making it easy to control their financial freedom.

#HumanRights #DigitalCurrencies #PrivacyConcerns #FinancialFreedom

In your opinion, do the potential benefits of CBDCs, like combating illicit finance, outweigh the privacy concerns raised by the Human Rights Foundation?

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