⚠️ HRF CBDC ⛓️🪙 alert from HRF for Chile (26-MAR-2024)

🗝️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:

Chile continues investigations and pilot studies on Central Bank Digital Currencies’ potential implications, keeping in mind rising concerns about risks to financial privacy and freedom.

✅The Central Bank of Chile initiated research into the feasibility of issuing a CBDC in 2022, hoping it would aid the nation's digital transformation and develop a resilient, inclusive payment system safeguarding citizens' information.

✅After two years of continued study in 2024, the Central Bank hasn't committed to CBDC issuance, acknowledging the associated significant risks and that CBDCs might not be the ideal policy instrument for current issues.

✅Despite ranking 94 out of 100 in Freedom House's 2023 Freedom report, 🇨🇱 faces the challenge that implementing a CBDC could possibly infringe on citizens' financial privacy and freedom.

Hashtags:

#CBDC #CentralBankofChile #FreedomHouse #FinancialPrivacy #HumanRights

Question:

Do you believe the potential benefits of a Central Bank Digital Currency in a country like Chile outweigh the risks to financial privacy? How can nations balance advances in digital currency with the protection of citizens' rights?

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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