CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for United Arab Emirates (27-MAR-2024) ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for United Arab Emirates (27-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.83%
One-Sentence Summary:
The United Arab Emirates (UAE) advances in its pilot phase of Central Bank Digital Currency (CBDC) creation, despite concerns over the potential repression of free expression and increased surveillance.
✅🇦🇪 is currently in the pilot phase of its CBDC strategy. The country's first phase includes facilitating cross-border CBDC transactions and proofs-of-concept with India and for domestic issuance.
✅ Since 2018, the Central Bank of the UAE joined forces with the Saudi Central Bank on Project Aber, a wholesale CBDC initiative to improve cross-border payments and evaluate distributed ledger technology.
✅ In 2021, the country's Central Bank began collaboration with the Bank for International Settlements on another wholesale CBDC pilot, Project mBridge – a project aiming to address efficiency issues in cross-border payments.
✅ Announcing the successful completion of Project mBridge in 2022, the central bank also unveiled its CBDC strategy in 2023, which is expected to take 12 - 15 months to fully implement.
✅ Despite these advancements, concerns have been raised by the Human Rights Foundation and Freedom House over the UAE's restrictions on free speech and the use of mass surveillance.
✅ Institutions like Amnesty International, Financial Tyranny Index, Human Rights Watch, Privacy International, and the U.S Department of State have also voiced their concerns about violations of human rights and civil liberties that could come with the introduction of CBDCs.
#HumanRights #DigitalCurrency #MonetaryPolicy #CentralBanks #UAE #FreedomHouse
Question: In light of these developments and the concerns raised, how can the introduction of CBDCs be safeguarded to support the free expression and privacy of citizens? What measures can we, as vigilant global citizens, take to ensure this? 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
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.83%
One-Sentence Summary:
The United Arab Emirates (UAE) advances in its pilot phase of Central Bank Digital Currency (CBDC) creation, despite concerns over the potential repression of free expression and increased surveillance.
✅🇦🇪 is currently in the pilot phase of its CBDC strategy. The country's first phase includes facilitating cross-border CBDC transactions and proofs-of-concept with India and for domestic issuance.
✅ Since 2018, the Central Bank of the UAE joined forces with the Saudi Central Bank on Project Aber, a wholesale CBDC initiative to improve cross-border payments and evaluate distributed ledger technology.
✅ In 2021, the country's Central Bank began collaboration with the Bank for International Settlements on another wholesale CBDC pilot, Project mBridge – a project aiming to address efficiency issues in cross-border payments.
✅ Announcing the successful completion of Project mBridge in 2022, the central bank also unveiled its CBDC strategy in 2023, which is expected to take 12 - 15 months to fully implement.
✅ Despite these advancements, concerns have been raised by the Human Rights Foundation and Freedom House over the UAE's restrictions on free speech and the use of mass surveillance.
✅ Institutions like Amnesty International, Financial Tyranny Index, Human Rights Watch, Privacy International, and the U.S Department of State have also voiced their concerns about violations of human rights and civil liberties that could come with the introduction of CBDCs.
#HumanRights #DigitalCurrency #MonetaryPolicy #CentralBanks #UAE #FreedomHouse
Question: In light of these developments and the concerns raised, how can the introduction of CBDCs be safeguarded to support the free expression and privacy of citizens? What measures can we, as vigilant global citizens, take to ensure this? 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