⚠️ HRF CBDC ⛓️🪙 alert from HRF for Venezuela (08-OCT-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 254.9%
TEXT: The Human Rights Foundation has raised concerns about 🇨🇳 China's Central Bank Digital Currency (CBDC) that is slated to roll out nationally. The Foundation argues that the Communist Party of China (CPC) has developed the CBDC not as a financial innovation, but as a tool to extend its control over its citizens. It further warns of the potential misuse of the digital currency as a system for surveillance. Aiding the CPC in disassembling democratic institutions and human rights has been a concern as well. The Foundation urges the global community to raise their voice against the CBDC development in China.
One-sentence summary: The Human Rights Foundation has raised alarm bells about 🇨🇳's upcoming Central Bank Digital Currency (CBDC), citing potential misuse as a surveillance tool and as a further means to control citizens.
✅Human Rights Foundation is worried about 🇨🇳's national CBDC roll-out plan.
✅Highlighting the CPC's underlying motive, the Foundation claims CBDC is a tool, aimed to have more control over citizens rather than financial innovation.
✅Worries grow as the misuse of this digital currency could be a surveillance system.
✅An apprehensive call, amid fear of more democratic and human rights violation in 🇨🇳.
✅Human Rights Foundation urging the global community to condemn CH's CBDC development.
#HumanRights #CBDC #China #DigitalCurrency
How do you think the introduction of Central Bank Digital Currency in 🇨🇳 will impact human rights and do you think the global community will take any actionable steps against it?
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)
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