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2024-09-27 00:00:32

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Spain (14-SEP-2024) 🗝️ℹ️ (Key ...

⚠️ 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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