⚠️ HRF CBDC ⛓️🪙 alert from HRF for Spain (14-SEP-2024)

🗝️ℹ️ (Key Information)

CBDC Status: Pilot

CBDC Launch: n/a

CBDC Model: n/a

CBDC Issued: n/a

Inflation Rate: 8.39%

The Human Rights Foundation reports on the implications of a Central Bank Digital Currency, dubbed as the 'crypto national currency', being developed by the Nigerian government.

✅ 🇳🇬's government is in the midst of developing a Central Bank Digital Currency (CBDC), dubbed locally as the 'crypto national currency'.

✅ The Human Rights Foundation is closely monitoring the situation for any potential human rights implications.

✅ Critics are concerned that the CBDC could be weaponized for surveillance, potentially encroaching individual privacy rights.

✅ Some opposition comes from Bitcoin advocates who are fearful this new CBDC could undermine the potential of decentralized cryptocurrencies.

✅ The CBDC's development is rapidly progressing, but some critics are urging for greater public consultation process.

✅ Bitcoin enthusiasts point to Bitcoin's transparent, decentralized nature as a more democratic alternative.

✅ Nonetheless, the Nigerian government remains determined on their path of CBDC development.

#HumanRights #FinancialSurveillance #Nigeria #CBDC #BitcoinAdvocacy #PrivacyRights

As bitcoin enthusiasts and advocates for freedom, how do we champion digital privacy while critically engaging with the rise of CBDCs like in 🇳🇬? Share your thoughts!

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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