⚠️ 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:
Chilean Central Bank’s exploration of Central Bank Digital Currencies (CBDCs) walks a thin line between promoting digital transformation and potentially jeopardizing financial privacy, says Human Rights Foundation.
✅ The Central Bank of 🇨🇱 is in its research phase of CBDCs, issuing its first evaluation in 2022.
✅ 🇨🇱's Central Bank sees CBDCs as a catalyst for the country's digital transformation and fostering a competitive, innovative, and inclusive payment system.
✅ Despite the optimism, the bank indicates that more research and testing needs to be done before a final decision can be made.
✅ 🇨🇱 has earned a notable score of 94 out of 100 in Freedom House’s 2023 Freedom in the World report.
✅ But, the creation of a CBDC could pose potential risks to the financial privacy and freedom of citizens in 🇨🇱.
✅ Organisations like Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International and the U.S. Department of State are watchful of potential human rights and civil liberties violations.
✅ In addition, the Cato Institute offers extensive information on concerns regarding the risks of CBDCs.
#Chile #CentralBank #CBDCs #HumanRightsFoundation #DigitalTransformation
What do you think, could the development of CBDCs in Chile enhance the nation's digital transformation without infringing on citizens' financial privacy and freedom? Please share your thoughts and ideas.
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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