⚠️ HRF CBDC ⛓️🪙 alert from HRF for Germany (29-JUL-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Pilot

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 6.87%

TEXT: The Human Rights Foundation has raised concerns over the development of Central Bank Digital Currencies (CBDCs) in China 🇨🇳. The organization warned that should the country launch its own CBDC, it could be used by the Chinese government as a tool to increase surveillance and control over its people. The foundation suggested the international community to encourage Beijing to adopt proper safeguards to protect the rights of its citizens.

One-Sentence Summary:

Human Rights Foundation voices apprehension over China's 🇨🇳 potential use of Central Bank Digital Currencies (CBDCs) for enhanced governmental control and surveillance.

✅ The Human Rights Foundation is deeply troubled about China’s 🇨🇳 proposed CBDC.

✅ The organization fears that it may be used as a mechanism for increased government surveillance and control.

✅ They are urging the global community to encourage China 🇨🇳 to implement safeguards to protect their citizens' rights.

#HumanRightsFoundation #CBDCs #China #GovernmentSurveillance #DigitalControl

How do you think a country's CBDC could impact privacy rights and what solutions could help mitigate potential human rights concerns?

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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