⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
Kazakhstan collaborates with Visa and Mastercard to launch Central Bank Digital Currency, fostering innovation and competition while raising concerns over potential human rights violations and government corruption.
✅ The Republic of 🇰🇿 has officially launched a CBDC, termed the digital tenge, with the first successful transaction performed by Binur Zhalenov, chairman of the National Payment Corporation, on 15th November 2023.
✅ The CBDC, developed in partnership with Mastercard and Visa, is designed for broader consumer use to be facilitated via a payment card, with further expansion planned throughout 2024.
✅ The launch follows in-depth research initiated by the National Bank of the Republic of 🇰🇿 since May 2021, entailing a series of studies, discussions, and pilot projects complemented with cooperation from international entities such as the World Economic Forum and the Bank for International Settlements.
✅ In July and December of 2022, the National Bank released a decision-making framework and a whitepaper charting developments and plans, respectively, signifying a focus on boosting financial inclusion and enhancing the competitiveness of 🇰🇿's financial sector.
✅ A report in February 2023, created collaboratively with cryptocurrency exchange Binance, underlined the necessity for preserving financial stability and privacy protection while cautioning against a variety of potential cybersecurity threats posed to the CBDC platform.
✅ Tests conducted through December 2023 in partnership with several banks illustrated the interoperability of CBDC bank cards and their potential to streamline transactions and reduce errors.
✅ Despite these developments, concerns persist around human rights violations and governmental corruption in 🇰🇿, with potential misuse of CBDCs to control citizens’ finances and suppress freedom of expression and assembly.
#Kazakhstan #CBDC #Mastercard #Visa #DigitalCurrency #FinancialInnovation #HumanRights #GovernmentCorruption #EconomicGrowth #GlobalFinance
What do you think about the potential benefits of CBDCs compared to the risks they pose to personal freedoms and privacy in societies where corruption and limitations on civil liberty prevail?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
Egypt's Central Bank is exploring potential for the Central Bank Digital Currency (CBDC), raising concerns over state-controlled surveillance and corruption.
✅ Egypt's Central Bank is currently researching on CBDCs, in collaboration with the Egyptian Credit Bureau, to also offer saving and lending services. 🇪🇬
✅ Uncertainty clouds the specific form the CBDC will take, yet anticipations foresee its issuance by 2030 as E-Pound.
✅ In light of Freedom House's report, Egypt scores 18 out of 100 in Freedom, highlighting widespread issues, specifically oppression of criticism and corruption.
✅ The launch of a CBDC could potentially aggravate the prevailing issues, imposing state-controlled surveillance and exerting financial control.
✅ Activists, opposition parties, and political movements critical of the regime face dire consequences which might be fueled further with the introduction of CBDC.
✅ Government agencies have historically undermined opposition by freezing and seizing money of activists, political rivals, and protestors.
✅ The launch of a CBDC could give unprecedented control to the government to directly control citizens' finances.
✅ Excerpts from Freedom House reveal rampant corruption, indecisive mechanisms for its monitoring and punishment, hinting at potential misuse of state-controlled digital currency.
#Egypt #CBDC #FinancialIndependence #Freedom #HumanRights #DigitalSurveillance
What potential solutions can we propose to check the potential misuse of CBDCs by oppressive regimes to control and monitor citizens' financial transactions?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
🇰🇿 launches CBDC amidst human rights concerns and possibilities of corruption misuse, becoming accessible to the wider public in 2024.
List:
✅ On November 15, 2023, Binur Zhalenov, chairman of the National Payment Corporation of the National Bank of 🇰🇿, conducted the first transaction using the digital tenge, the nation's CBDC.
✅ Despite being officially referred to as a pilot by the national bank, the CBDC, developed with Mastercard and Visa, is open and available to the public.
✅ Users can use the CBDC card at retail outlets, online stores, and various websites, stored on their phones, watches, or physical wallets.
✅ The National Bank of the Republic of 🇰🇿 plans to expand CBDC availability by connecting more banks to its platform in 2024.
✅ The CBDC's development was started back in May 2021 as outlined in the Digital Tenge Public Discussion Report by🇰🇿's national bank.
✅ In December 2021, additional research on economic and regulatory implications was called for, thanking groups such as the Bank for International Settlements, the World Economic Forum, R3, Accenture, and the CBDC Think Tank for their assistance.
✅ By December 2022, the national bank had published a white paper on its central bank's CBDC progress and goals, aiming to improve financial inclusion, promote competition and innovation, and increase 🇰🇿's financial sector's global competitiveness.
✅ In February 2023, a report was presented on CBDC's impact on financial stability, protection of privacy, and potential cybersecurity threats.
✅ 🇰🇿 made significant strides testing CBDC bank cards and implementing a school-lunch voucher system via CBDC in December 2023.
✅ However, concerns surround the CBDC adoption due to the nation's struggle with human rights issues, frequent internet blackouts, and authorities using financial control against opposition.
✅ Further concerns arise from widespread corruption in 🇰🇿, casting doubts on promises of limiting CBDC surveillance, control, or risks.
Hashtags:
#FIATCurrency #CBDC #HumanRights #Kazakhstan #DigitalCurrency
Question:
Does the prospect of a nation with pervasive corruption, like 🇰🇿, launching a CBDC concern you about how it might be exploited for control and discrimination? How can these issues be mitigated in the future development of CBDCs worldwide?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
The Central Bank of Egypt's new digital currency initiative causes concerns about potential misuse, given Egypt's controversial human rights record and pervasive corruption.
✅ 🇪🇬's Central Bank is in early research stages for the creation of a CBDC which might also involve savings and lending services.
✅ The possible CBDC, named the E-Pound, could potentially see release by 2030 according to reports in 2024.
✅ Freedom House's 2023 report rated Egypt 18 out of 100 for freedom, indicating a multitude of issues such as oppression of criticism and widespread corruption, which a CBDC would potentially amplify.
✅ Activists, political movements, and opposition parties are subject to the regime's oppressive measures, including arrests, harsh prison terms, and extrajudicial violence.
✅ Security agencies are known to scrutinize personal information of human rights defenders and political activists, a trend that could be further facilitated with a CBDC.
✅ Governments can exploit CBDCs to assert direct control over citizens' finance, using the approach to silence the opposition.
✅ The rampant corruption in Egypt's government and its weak anti-corruption measures raise fears about the misuse of CBDCs, including potential surveillance, control, or favoritism in monetary policies.
✅ Various global organizations have published reports discussing human rights abuses and concerns regarding CBDC risks, providing a richer context on the matter.
#Egypt #HumanRightsFoundation #CBDC #CentralBankDigitalCurrency #FinancialFreedom #FintechEthics #PervasiveCorruption #MonetaryControl #GovernmentSurveillance
Question: Given the possible risks associated with CBDCs, particularly in states with record high levels of corruption and compromised personal freedoms, how should international financial systems and NGOs respond to help safeguard individuals' privacy and economic 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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
🇰🇿's Central Bank Digital Currency (CBDC), in partnership with Visa and Mastercard, goes public, amid concerns about government corruption and restriction on dissenting voices.
✅ The chairman of the National Payment Corporation of the National Bank of the 🇰🇿, Binur Zhalenov, transacted with the country's CBDC - the digital tenge, on November 15, 2023. Like China and Russia, this CBDC is also in the launch phase.
✅ Visa and Mastercard partnered with 🇰🇿 to develop the CBDC, to enable its use via a payment card in retail outlets, online stores, etc. More banks will be connected to the platform in 2024 to widen the customer base.
✅ The creation of digital tenge started in May 2021, with the publishing of the Digital Tenge Public Discussion Report. A pilot project was launched in June 2021, necessitating additional research as noted in December 2021.
✅ The Central Bank of 🇰🇿 published a decision-making framework for CBDC issuance in July 2022. The potential benefits, risks, and necessary design for a CBDC were discussed.
✅ A white paper was published in December 2022 outlining the phases of CBDC introduction in 🇰🇿 over three years. The development was driven by the potential of improving financial inclusion and promoting competition and innovation in the payments industry.
✅ Collaboration in February 2023 with Binance yielded a report highlighting the potential impact of CBDCs on financial stability and privacy. There are 14 potential threats to the CBDC ranging from data leaks to espionage.
✅ Final results of the CBDC pilot project were published in December 2023. Visa, Mastercard, and several banks take part in the test showing interoperability of CBDC bank cards.
✅ Concerns arise over the implications of CBDC amid tight control on dissenting voices and widespread corruption in 🇰🇿. A report by Freedom House scored 🇰🇿 at 23 out of 100 in its 2023 Freedom in the World report.
✅ CBDCs are seen to facilitate government control on citizens' finances, making them more susceptible to misuse especially in light of prevalent corruption in 🇰🇿.
#HumanRights #Privacy #Kazakhstan #CBDC #RussianCBDC #ChineseCBDC #CentralBanks #Binance #Mastercard #Visa
Given the concerns surrounding governments leveraging CBDCs to exert control over citizens' finance, do you think regulatory frameworks could effectively address these risks? Or, should the architecture of these currencies inherently protect user privacy and financial freedom?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
🇪🇬 Central Bank journeys towards CBDC introduction amid concerns over human rights violations and corruption.
✅ The 🇪🇬 Central Bank is in early-stage research for a Central Bank Digital Currency (CBDC), potentially offering savings and lending services, with a probable issue date in 2030.
✅ Freedom House flagged significant issues in 🇪🇬 including oppression of criticism and widespread corruption, which might escalate with a CBDC.
✅ Activists, political parties, and critics of the regime in 🇪🇬 encounter arrests, prison terms, and other forms of pressure, issues a CBDC could exacerbate by enabling easy freezing and seizing of activism funding.
✅ Corruption in 🇪🇬 is pervasive, and weak investigative mechanisms ignite concerns about government assurances on limiting surveillance and control risks of CBDCs and dubious political favoritism.
✅ For an in-depth understanding of human rights violations and civil liberties in 🇪🇬 and the risks of CBDCs, consult reports from Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, U.S. Department of State, and the Cato Institute.
#HumanRightsViolations #FinancialControl #CBDC #Egypt #FreedomHouse #RememberGamalEid #ANHRI
🤔 How can CBDCs be designed and regulated to prevent governmental misuse and ensure they uphold citizens' rights, freedom and equality? We'd love to hear from people with diverse perspectives.
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
Kazakhstan launches digital tenge, its own Central Bank Digital Currency (CBDC), amid concerns over potential threats to human rights and civil liberties.
✅ On Nov 15, 2023, 🇰🇿's National Payment Corporation Chairman, Binur Zhalenov, executed the first transaction using the national CBDC, or the 'digital tenge'.
✅ The CBDC was made in collaboration with Mastercard and Visa, allowing the digital tenge to be used via a payment card in various retail outlets, online stores, and websites.
✅ 🇰🇿's National Bank plans to extend its CBDC to a wider range of consumers by integrating additional banks in 2024.
✅ The development journey of the digital tenge has been traced back to May 2021 when the National Bank initially announced its plans to implement a CBDC.
✅ The pilot project was launched in June 2021, and a series of studies were conducted to fully understand the economic and regulatory implications of issuing the digital tenge.
✅ By July 2022, a decision-making framework for CBDC issuance had been published, focusing on the necessity, benefits, and potential risks of implementation.
✅ In December 2022, a CBDC white paper announced that it would be introduced in phases over three years to increase financial inclusivity, competition, and innovation.
✅ By 2023, the National Bank of 🇰🇿 flagged potential cybersecurity threats to the CBDC platform and stressed the importance of CBDC's impact on financial stability and privacy protection.
✅ However, the CBDC's introduction has raised several human rights and civil liberty concerns, with 🇰🇿 scoring only 23/100 in Freedom House’s 2023 Freedom in the World report.
✅ The adoption of the CBDC could potentially enhance the government's ability to stifle dissent, and the prevalent corruption in the government raises concerns about unfair use and surveillance of the CBDC.
#CBDC #HumanRights #FinancialInclusion #GlobalEconomy #DigitalCurrency
What do you think could be the potential impacts of the digital tenge on the citizens' financial freedom and privacy in Kazakhstan? Is there a possible way to mitigate risks of abuse in countries with low freedom scores? Let's discuss!
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
🇪🇬 is delving into Central Bank Digital Currencies (CBDCs) amidst concerns over freedom and democracy.
✅ The Central Bank of 🇪🇬 is in the research phase of developing its own CBDC, aiming to offer potential savings and lending services in future.
✅ The bank's intentions were made clear in Egypt Today back in 2024 with an aim to issue by 2030, however, the exact form of the digital currency remains uncertain.
✅ But with a score of 18 out of 100 from Freedom House in 2023, activists and watch groups fear such development might fuel corruption and exploitation by the government.
✅ Activists, political parties and movements that oppose the regime already face a slew of punitive measures - arrests, sentences, violence, and other pressure tactics.
✅ With CBDCs, the government can directly control citizens' finances, raising concerns over possible monetary manipulation against opposition.
✅ 🇪🇬's pervasive corruption makes any assurance around limiting surveillance or control dubious, as the CBDC could be used to promote political favoritism.
✅ Numerous human rights and civil liberties organizations have documented violations in 🇪🇬 offering insight on potential risks with CBDCs.
#CentralBankDigitalCurrency #HumanRights #GlobalPolitics #FinancialDemocracy
Given the oppression and corruption allegations in 🇪🇬, do you see more risks than benefits in the adoption of a CBDC? What safeguards could be implemented to appropriately balance the government's oversight and citizens' financial freedom?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
🇰🇿’s digital currency (digital tenge) has launched, with Human Rights Foundation highlighting issues that could have major implications for users regarding their privacy and civil rights.
✅ The 🇰🇿 National Bank of the Republic launched the use of the Central Bank Digital Currency (CBDC) referred to as the digital tenge on November 15, 2023, setting it at par with similar currencies in China and Russia.
✅ Developed in collaboration with Mastercard and Visa, the digital tenge can be used for various transactions; efforts to expand its reach are planned for 2024.
✅ The Bank has been researching on the CBDC since 2021, developing subsequent pilot projects, and collaborating with international partners like the Bank for International Settlements, the World Economic Forum, and Accenture.
✅ A decision-making framework for the issuance of CBDC was published in July 2022 considering its necessity, benefits and potential risks.
✅ In December 2022, a white paper was published with an extensive outlook on the CBDC, its potential benefits for financial inclusion, competition and innovation.
✅ In collaboration with Binance, a cryptocurrency exchange, a report was published in February 2023 focusing on the future success of CBDCs hinging on their impact on financial stability and privacy.
✅ A pilot in December 2023 clarified that the CBDC was subject to various cybersecurity threats, but its implementation, like for school-lunch vouchers, reduced various inefficiencies.
✅ Concerns loom large over the usage of the CBDC considering the current human rights situation in 🇰🇿, which scores only 23 out of 100 on the Freedom House’s 2023 Freedom in the World report.
✅ Considering the restrictive actions against peaceful assemblies and widespread government corruption, the usage of a CBDC which allows direct control over citizens’ finances, can prove detrimental to privacy and civil liberties.
#CentralBankDigitalCurrency #HumanRights #Privacy #CivilRights #Kazakhstan
What are your thoughts on the digital tenge's potential impact on privacy and civil liberties in 🇰🇿 considering its persisting issues with human 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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
Egypt's Central Bank plans to issue a Central Bank Digital Currency (CBDC) by 2030, sparking concerns over potential misuse due to the country's history with oppression and corruption.
✅ 🇪🇬's Central Bank is researching the development of a CBDC in collaboration with the Egyptian Credit Bureau.
✅ With the scheme still in early stages, it is unknown what form this CBDC, known as the E-Pound, will take, though it is targeted to be introduced by 2030.
✅ In the context of Egypt's low score in the 2023 Freedom in the World report, fears arise about possible misuse of the CBDC, given the nation's issues with stifling criticism and entrenched corruption.
✅ The report implies that a CBDC could facilitate further repression, as governments have been known to seize and freeze activists' and opposition supporters' finances.
✅ Egypt's pervasive corruption, as stated by Freedom House, raises questions regarding any assurances made about the limitation of surveillance or other CBDC related risks.
✅ Critics argue that corruption may influence the design of the CBDC policies, thus potentially leading to political favoritism through subsidies, price assets, or targeted restrictions.
#Egypt #CBDC #FinancialFreedom #DigitalCurrency #HumanRightsViolations #FreedomReport
In your opinion, do the benefits of CBDCs outweigh the potential risks in countries with records of human rights abuses and corruption? How can we ensure that this digitalization progress will not be a tool for oppression and control, but rather a step towards financial inclusion and efficiency?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
🇰🇿 is actively launching its Central Bank Digital Currency (CBDC), the digital tenge, amid concerns around violations of human rights and rampant government corruption.
Topics:
✅ The chairman of National Payment Corporation of 🇰🇿 National Bank, Binur Zhalenov, initiated the first transaction with the digital tenge, placing the CBDC in the launch phase, on November 15, 2023.
✅ Developed with the participation of Mastercard and Visa, the digital tenge can be used at physical and online locations, and stored in various devices or platforms.
✅ The National Bank launched its first CBDC research project in June 2021, aiming for improved financial inclusion, payments industry innovation, and global competitiveness.
✅ Pervasive corruption and repressed dissidence in 🇰🇿 pose potential threats to the success and ethical implementation of the digital tenge.
✅ The CBDC could potentially empower the government to take direct control of citizen finances, escalating the violation of human rights and civil liberties.
Hashtags:
#CBDC #Kazakhstan #CorrectMonetaryPolicies #GlobalCompetitiveness #HumanRightsConcerns
Question:
Looking at both the potential benefits and risks, do you think the rollout of the digital tenge in 🇰🇿 can promote a fair, inclusive, and innovative payment system while respecting human rights and civil liberties? How can digital currencies be protected from being misused as tools of surveillance and control?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
Egypt is preparing to introduce its Central Bank Digital Currency in 2030, raising concerns around potential human rights abuses and corruption amidst already present issues.
✅Egypt's Central Bank, 🇪🇬, is in the research stage for the development of its own Central Bank Digital Currency (CBDC), potentially offering savings and lending services.
✅ The deadline seems to be 2030 as revealed in reports from Egypt Today in 2024, with the upcoming CBDC affectionately named the E-Pound.
✅ However, 🇪🇬's Freedom Score in Freedom House’s 2023 report was a low 18 out of 100, raising issues regarding oppression of criticism and widespread corruption that could be exacerbated by CBDCs.
✅ According to Freedom House, the current political scenario is such that any opposition to the ruling regime, including activist groups and political parties, faces severe repression and their financial resources could face undue scrutiny or freezing, a situation a CBDC could potentially worsen.
✅ Corruption is common across various levels of government in 🇪🇬and despite official mechanisms in place, investigating and punishing corrupt activities remain feeble, questioning the credibility of any assurances the government might make about the control, surveillance or risk associated with their upcoming CBDC.
#HumanRightsAbuse #PoliticalOppression #CBDC #FinancialFreedom #PrivacyConcerns
What are your thoughts on the emergence of CBDCs in regions marred with human rights abuses and corruption? Could it potentially pave the way for greater surveillance and financial control over its citizens?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
🇰🇿 Kazakhstan is launching its Central Bank Digital Currency (CBDC), called the Digital Tenge, amid concerns surrounding its restrictive political climate and prevailing corruption.
✅ On November 15, 2023, Binur Zhalenov, chairman of the National Payment Corporation of the National Bank of the Republic of Kazakhstan commenced the first transaction with the nation's CBDC, also known as the digital tenge.
✅ The digital tenge, developed in collaboration with Visa and Mastercard, can be used via a payment card and is set to be expanded to more consumers in 2024.
✅ The National Bank of the Republic of Kazakhstan initiated research and development of the CBDC in May 2021, in consultation with numerous international partners.
✅ The bank has released a series of reports and frameworks on the development process, exploring factors such as necessity, benefits, risks, and potential design of the CBDC.
✅ In collaboration with Binance, the central bank recognised the importance of financial stability and privacy protection to the success of CBDCs, amidst warnings of numerous potential cybersecurity threats.
✅ December 2023 saw the publication of a report on the latest developments of the CBDC pilot project which confirmed the interoperability of "CBDC bank cards" with other payment options.
Human Rights Concerns:
✅ However, Kazakhstan's restrictive laws towards peaceful assemblies, widespread government corruption, and history of silencing dissenting voices raises concerns about the potential misuse of CBDCs by the government.
✅ Governments worldwide have a record of freezing and seizing the assets of political adversaries, activists, and protestors - CBDCs provide a novel avenue for such actions, facilitating more direct control over individual finances.
#Kazakhstan #CBDC #HumanRights #FinancialInclusion #DigitalTenge #Visa #Mastercard #Binance #CentralBankDigitalCurrency
Do you think the introduction of CBDCs in countries with a history of repressing civil liberties like 🇰🇿 Kazakhstan can aid or impede democratic reform and freedom of expression?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
Egypt's Central Bank announces research into CBDCs amid concerns over the country's poor freedom and corruption rankings, potentially furthering the oppression of criticism and corruption.
Paragraph Analysis:
✅ The Central Bank of 🇪🇬 is in the research phase for developing a Central Bank Digital Currency (CBDC) that may offer savings and lending services by 2030.
✅ Freedom House in 2023 gave 🇪🇬 a low freedom score of 18/100, raising concerns that a CBDC issuance could exacerbate issues such as suppression of criticism and rampant corruption.
✅Political activists and opposition parties who critique the regime face severe backlash in 🇪🇬, which includes freezing of assets and travel bans— a CBDC could further facilitate such oppressive financial control.
✅ The pervasive government corruption, as outlined by Freedom House, calls into question government promises on surveillance and control, and whether CBDC policies could be used for political favoritism.
✅ Reports by Amnesty International, Financial Tyranny Index, Human Rights Watch, Privacy International, and the U.S Department of State further clarify violations of human rights and civil liberties in 🇪🇬.
Hashtags:
#HumanRights #CBDCs #CentralBankEgypt #FreedomHouse #Corruption
Question:
Considering the current state of freedom and corruption in Egypt, how might the development of a Central Bank Digital Currency impact the dynamics of financial control, and should the international community be more vocal about such undertakings?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
'Kazakhstan has officially launched its Central Bank Digital Currency (CBDC), the digital tenge, in collaboration with Mastercard and Visa, raising concerns over human rights and liberties in a country riddled with corruption and restrictive legislative practices.'
Critical Analysis:
✅ Kazakhstan's Central Bank conducted their first public transaction using the 'digital tenge' on November 15, 2023, indicating their launch phase of the CBDC. 🇰🇿
✅ The CBDC was a result of collaborative efforts by Mastercard and Visa, designed to enable ease of transactions across retail outlets and online e-commerce spaces, with plans for a broader consumer reach in 2024.
✅ In response to the creation of a research hub in December 2021, recognizing the need to understand the implications of a CBDC launch, the Central Bank has published numerous reports and guidelines outlining on the researched outcomes.
✅ Questions on CBDC implementation, benefits, risks, and design strategy were addressed comprehensively by the Central Bank of the Republic of Kazakhstan in July 2022.
✅ A white paper published in December 2022, contained an announcement that a phased introduction of the CBDC over a span of three years was crucial for improved financial inclusion, competition and innovation while enhancing Kazakhstan's position in the global market.
✅ However, the collaboration with Crypto exchange Binance in February 2023 brought forth discussions on CBDC's impact on financial stability, privacy, and potential cybersecurity threats.
✅ The December 2023 report showed successful testing of the CBDC bank cards with multiple banks and launched a pilot project on school-lunch voucher systems.
✅ Presently, Kazakhstan's government remains a controversial participant in human rights negotiations, with Freedom House allotting it a score of only 23 out of 100 in its 2023 report, triggering concerns of increased governmental control with the advent of CBDCs.
✅ Protests are met with severe restriction, internet blackouts, and preventative arrests and the pervasive corruption at all levels of government could exacerbate with the adoption of CBDCs.
Hashtags:
#Kazakhstan #CBDC #HumanRights #DigitalTenge #CentralBank
Question:
Considering the current state of Kazakhstan's political and civil situation, do you believe the launch of their CBDC will result in a safer digital banking arena or will it further skew power to an already corrupt system? Weigh in 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)
CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
Central Bank in 🇪🇬 Egypt plans to issue its own digital currency by 2030, amidst concerns about freedom and rampant corruption.
✅ The Central Bank of 🇪🇬 Egypt is currently researching the development of Central Bank Digital Currencies (CBDCs), with the aim of offering savings and lending services.
✅ Reports from 2024 suggest the launch of this "E-Pound" may occur by 2030.
✅ 🇪🇬 Egypt's track record in Freedom House’s 2023 report rings alarm bells, scoring a low 18 out of 100, leading to worries that a CBDC could exacerbate current oppression and corruption issues.
✅ Activists, opposition parties, and critics of the regime face regular intimidation and suppression, portraying an image of an oppressive state control, which could be strengthened by a CBDC.
✅ Reports trace incidents of asset freezing, travel bans, and physical assault. A CBDC could amplify these practices as governments will be in direct control of citizen finances.
✅ The extensive corruption across government structures adds another layer of anxiety. Such a scenario puts at risk any potential promises around control, surveillance, and other risks a CBDC could bring.
✅ This concern also opens up the possibility of political favoritism affecting the policies around CBDCs, thereby disadvantaging certain segments of society.
Hashtags:
#HumanRights #FinancialFreedom #DigitalCurrency #FreedomReport #Egypt2023
Question:
Considering the current state of freedom and civil liberties in 🇪🇬 Egypt, how do you think the potential rise of the E-Pound will affect the socio-political landscape of the country? Could this be a tool for financial freedom or an instrument for further oppression and corruption? We're eager to hear 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)
CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-sentence summary:
🇰🇿's Central Bank Digital Currency (CBDC), the digital tenge, is now available for use; however, human rights and corruption concerns could make its implications for privacy and financial control severe.
✅ On November 15, 2023, Binur Zhalenov, Chairman of the National Payment Corporation of the National Bank of the Republic of 🇰🇿, performed the first transaction with the country's CBDC, the digital tenge, signaling its launch.
✅ The digital tenge was developed in partnership with Mastercard and Visa, ensuring its usability via payment cards at retail outlets, online stores, and various websites.
✅ Starting from May 2021, through several reports, the National Bank has been transparent about its research, test projects, and the goals for the digital tenge in improving financial inclusion and Kazakhstan's financial sector competitiveness.
✅ Collaborating with entities like Binance, Visa, Mastercard, and various banks, the National Bank ran tests including issuing CBDC bank cards linked to digital tenge accounts, and a school-lunch voucher system that reduced payment intermediaries and errors.
✅ Despite the progress, 🇰🇿's 23 out of 100 score in Freedom House’s 2023 Freedom in the World report raises concerns over CBDC's potential misuse, given the government's history of dissent suppression and widespread corruption.
#HumanRights #CBDC #FinancialInclusion #DigitalCurrency #Kazakhstan #Mastercard #Visa
How do you think the potential advantages in financial inclusion and competition balance against the risks of corruption and suppression in places like Kazakhstan? And what precautions should be taken to ensure CBDCs do not become tools of surveillance and political control?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-Sentence Summary:
🇪🇬 is moving forward with developing a Central Bank Digital Currency (#CBDC), despite concerns about human rights, freedom of speech, and widespread corruption.
Paragraph Analysis:
✅ The Central Bank of 🇪🇬 is at the research phase of creating a CBDC, with plans for it to offer saving and lending services.
✅ The CBDC, tentatively called the E-Pound, is slated for release by 2030.
✅ Freedom House scored 🇪🇬 an 18 out of 100 in its 2023 Freedom in the World report, indicating significant rights concerns -- these could be exacerbated by a CBDC.
✅ Activists, political opponents, and movements criticising the regime face severe crackdowns -- a CBDC could be used as added leverage against these groups.
✅ Corrupt practices pervade all levels of government, casting doubt on any assurances given about surveillance, control, or risks associated with CBDCs.
✅ The potential for political bias in CBDC policy through subsidies and targeted restrictions is a real fear given the prevailing corruption.
Hashtags:
#Egypt #HumanRights #FreedomHouse #CBDCs #DigitalCurrency #GovernmentControl
Question:
While a CBDC appears as a symbol of futuristic innovation, do you think its launch in a country battling with issues of freedom and corruption would lead to more harm than good? Let's discuss the balancing act between financial evolution and human 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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Kazakhstan (29-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2023-11-15
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.04%
One-Sentence Summary:
Kazakhstan launches its Central Bank Digital Currency (CBDC) as part of a significant banking modernization push with collaboration from Visa and Mastercard, despite rising international concerns over human rights abuses and corruption.
✅ On November 15, 2023, Kazakhstan's 🇰🇿 launched its Central Bank Digital Currency (CBDC), the digital tenge.
✅ The National Bank of Kazakhstan collaborated with Mastercard and Visa to ensure digital tenge's usability at retail and online stores worldwide.
✅ The National Bank has been researching CBDCs since May 2021 and plans to expand it further by connecting more banks in 2024.
✅ The CBDC development included comprehensive economic studies, regulatory guidelines, pilot projects and engaging international partners for discussions.
✅ By December 2022, the National Bank had created a CBDC issuance framework outlining its benefits and potential risks.
✅ The National Bank plans to introduce the CBDC in phases over three years, believing it could improve financial inclusion and promote competition in their financial sector.
✅ Collaborating with cryptocurrency exchange Binance in February 2023, the National Bank identified the importance of ensuring financial stability and protection of privacy for CBDC success.
✅ The National Bank expressed concerns over potential cybersecurity threats to their CBDC platform like data leaks and espionage.
✅ The digital tenge is compatible with other payment options and reduces the possibility of payment errors.
✅ However, the launch of the digital tenge comes amidst international concerns about Kazakhstan's human rights issues and rampant corruption.
#HumanRights #FinancialInclusion #CurrencyInnovation #GlobalEconomics #KazakhstanCBDC
Question: How does the successful launch of a CBDC in Kazakhstan 🇰🇿 potentially change the international financial landscape, considering ongoing human rights concerns within the country?
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
#plebstr
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Egypt (24-JAN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.9%
One-sentence summary:
Egypt's Central Bank is researching Central Bank Digital Currencies (CBDCs), raising concerns considering its low Freedom score and history of corruption and activist suppression.
Topics:
✅ The Central Bank of 🇪🇬 is in the research phase looking into CBDCs, with plans to possibly offer saving and lending services through the Egyptian Credit Bureau.
✅ The plans for the "E-Pound”, Egypt's potential CBDC, were revealed in 2024, with a potential issue date set for 2030.
✅ However, these plans raise concerns due to 🇪🇬's low score of 18 out of 100 in Freedom House’s 2023 Freedom in the World report.
✅ The threats range from oppression of criticism to widespread corruption, both potentially amplified by the implementation of a CBDC.
✅ Freedom House reported on severe oppression tactics deployed against critics of the regime, including harassment, imprisonment, and extrajudicial violence.
✅ A CBDC could potentially bolster these tactics, given governments' track record of freezing and seizing finances of activists and political opponents.
✅ There are also substantial concerns about the extent of corruption within 🇪🇬's government, questioning any potential promises about CBDC surveillance, control, or risk mitigation.
✅ The presence of corruption potentially compromises the CBDC policies' objectivity, sparking fears of political favoritism through subsidies, price controls, or targeted restrictions.
Hashtags:
#HumanRights #FreedomHouse #EPound #CentralBankDigitalCurrency #CBDC #GovernmentCorruption #PrivacyRights
Question:
Given Egypt's track record in terms of human rights and corruption, how can we ensure that their potential CBDC will not become another tool for oppression and corruption? What legal and technological safeguards should be implemented to ensure its ethical use?
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
#plebstr
