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2024-09-15 12:00:35

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

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

🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 19.71%

TEXT:

The Human Rights Foundation has published a new finding on the emerging trends in Central Bank Digital Currencies (CBDCs) in China 🇨🇳. The report highlights the possible threats these state-backed digital currencies pose to human rights and individual privacy.

The development of CBDCs in China is a strategic play to steer the nation clear of U.S. dollar dependency. The People’s Bank of China, the national central bank, is leading this process.

However, the implications of CBDCs on human rights and privacy are concerning. The CBDC system in China could potentially be integrated with the government's surveillance digital system. As a result, it may solidify government control over individual financial transactions and personal data.

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📣 The Human Rights Foundation vividly outlines concerns about potential threats to human rights and individual privacy posed by China's 🇨🇳 emerging state-backed digital currencies.

✅ The Human Rights Foundation has raised the alarm on the development of Central Bank Digital Currencies (CBDCs) in 🇨🇳
✅ It's part of 🇨🇳's strategy to reduce dependency on the U.S. dollar, spearheaded by the People’s Bank of China.
✅ These CBDCs may be a potential threat to human rights & privacy as they could integrate with the government's surveillance system.
✅ If integrated, the government could have full control over individual financial transactions and personal data.

#HumanRights #Privacy #CBDCs #GlobalFinance #ChineseEconomy

What measures could be in place to ensure CBDCs are implemented without compromising individual privacy and freedom? What’s your take? Let's foster a respectful discussion about the potential impacts and safeguards needed with state-backed digital currencies.

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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Author Public Key
npub1kalpnjxhle0wqfflw0ldy8u7uarqjms29p4mz43gktzvxywwmz8sghrdjx