CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Peru (25-JUL-2024) 🗝️ℹ️ (Key ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Peru (25-JUL-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.33%
TEXT: In recent news from the Human Rights Foundation, it has been revealed that Ecuador is rapidly moving ahead with plans to launch its very own Central Bank Digital Currency (CBDC). This comes after the country abolished its own currency in 2000 and adopted the US dollar. Economists are speculating that this move is an attempt to regain control over monetary policy, which it surrendered to the United States when it dollarized. However, human rights activists argue that this could lead to increased surveillance and control over financial activities by the state, raising significant privacy concerns. They believe it is crucial for the public to keep a vigilant watch over the development of this CBDC and ensure transparency around its use.
One-Sentence Summary:
Ecuador is planning to launch its own Central Bank Digital Currency (CBDC), sparking a debate around financial privacy and state surveillance.
✅ The Human Rights Foundation reports 🇪🇨 is progressing quickly with CBDC plans, following the abandonment of its own currency in 2000 for the US dollar.
✅According to economists, this could be an attempt by 🇪🇨 to regain control of its monetary policy after two decades of dollarization.
✅ Activists, however, voice concerns over the risk of excessive state surveillance and control over financial activities.
✅ Advocates are urging the public to maintain vigilance and demand transparency throughout the CBDC's development and application.
Hashtags:
#HumanRightsFoundation #CentralBankDigitalCurrency #PrivacyRights #StateSurveillance
Question:
How do you think the advent of Central Bank Digital Currencies could impact individual financial privacy and freedoms? 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)
CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3
#plebstr
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 8.33%
TEXT: In recent news from the Human Rights Foundation, it has been revealed that Ecuador is rapidly moving ahead with plans to launch its very own Central Bank Digital Currency (CBDC). This comes after the country abolished its own currency in 2000 and adopted the US dollar. Economists are speculating that this move is an attempt to regain control over monetary policy, which it surrendered to the United States when it dollarized. However, human rights activists argue that this could lead to increased surveillance and control over financial activities by the state, raising significant privacy concerns. They believe it is crucial for the public to keep a vigilant watch over the development of this CBDC and ensure transparency around its use.
One-Sentence Summary:
Ecuador is planning to launch its own Central Bank Digital Currency (CBDC), sparking a debate around financial privacy and state surveillance.
✅ The Human Rights Foundation reports 🇪🇨 is progressing quickly with CBDC plans, following the abandonment of its own currency in 2000 for the US dollar.
✅According to economists, this could be an attempt by 🇪🇨 to regain control of its monetary policy after two decades of dollarization.
✅ Activists, however, voice concerns over the risk of excessive state surveillance and control over financial activities.
✅ Advocates are urging the public to maintain vigilance and demand transparency throughout the CBDC's development and application.
Hashtags:
#HumanRightsFoundation #CentralBankDigitalCurrency #PrivacyRights #StateSurveillance
Question:
How do you think the advent of Central Bank Digital Currencies could impact individual financial privacy and freedoms? 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)
CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3
#plebstr