CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for South Korea (04-AUG-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for South Korea (04-AUG-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 5.09%
TEXT:
The Human Rights Foundation has cast a spotlight on the implementation of Central Bank Digital Currencies (CBDCs) in 🇨🇳, emphasizing the potential for such financial technologies to enhance surveillance and control. They highlight the risks associated with the ongoing pilot program for a digital yuan, making clear that its use would empower the government to monitor private spending habits, manipulate individual behavior, and even restrict access to money.
Justin Bronk, a research fellow at the Royal United Services Institute (RUSI), agrees. In his view, this digital currency would not only allow the Chinese government to bypass Western financial systems but could also be used potentially as a weapon against dissidents at home and abroad.
In an uncertain world, the move towards CBDCs could significantly shift geopolitical power dynamics. The Human Rights Foundation warns that this could potentially pave the way for autocratic regimes to expel more people from the traditional banking system, augmenting the already pronounced dangers of financial censorship.
One-Sentence Summary:
Human Rights Foundation warns of risks associated with Central Bank Digital Currency in 🇨🇳, referring to amplified surveillance, control, and potential geopolitical power shifts.
✅ The Human Rights Foundation raises concerns on 🇨🇳's CBDCs, noting they could enhance government surveillance and control over citizens.
✅ The ongoing digital yuan pilot could allow the government to observe private spending, manipulate individuals, and limit monetary access.
✅ Justin Bronk from RUSI concurs, warning that such technology could enable 🇨🇳 to bypass Western financial systems and target dissenters.
✅ The Human Rights Foundation suggests that the global shift towards CBDCs might allow autocracies to exclude more people from the conventional banking system, amplifying financial censorship concerns.
#HumanRightsViolation #CentralBankDigitalCurrency #GeopoliticalPowerShift #DigitalRights
Considering the potential for increased surveillance and control with the adoption of CBDCs, how can we ensure that such technologies are not misused by governments? How can the international community delineate and uphold the line between innovation and violation of privacy?
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
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🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 5.09%
TEXT:
The Human Rights Foundation has cast a spotlight on the implementation of Central Bank Digital Currencies (CBDCs) in 🇨🇳, emphasizing the potential for such financial technologies to enhance surveillance and control. They highlight the risks associated with the ongoing pilot program for a digital yuan, making clear that its use would empower the government to monitor private spending habits, manipulate individual behavior, and even restrict access to money.
Justin Bronk, a research fellow at the Royal United Services Institute (RUSI), agrees. In his view, this digital currency would not only allow the Chinese government to bypass Western financial systems but could also be used potentially as a weapon against dissidents at home and abroad.
In an uncertain world, the move towards CBDCs could significantly shift geopolitical power dynamics. The Human Rights Foundation warns that this could potentially pave the way for autocratic regimes to expel more people from the traditional banking system, augmenting the already pronounced dangers of financial censorship.
One-Sentence Summary:
Human Rights Foundation warns of risks associated with Central Bank Digital Currency in 🇨🇳, referring to amplified surveillance, control, and potential geopolitical power shifts.
✅ The Human Rights Foundation raises concerns on 🇨🇳's CBDCs, noting they could enhance government surveillance and control over citizens.
✅ The ongoing digital yuan pilot could allow the government to observe private spending, manipulate individuals, and limit monetary access.
✅ Justin Bronk from RUSI concurs, warning that such technology could enable 🇨🇳 to bypass Western financial systems and target dissenters.
✅ The Human Rights Foundation suggests that the global shift towards CBDCs might allow autocracies to exclude more people from the conventional banking system, amplifying financial censorship concerns.
#HumanRightsViolation #CentralBankDigitalCurrency #GeopoliticalPowerShift #DigitalRights
Considering the potential for increased surveillance and control with the adoption of CBDCs, how can we ensure that such technologies are not misused by governments? How can the international community delineate and uphold the line between innovation and violation of privacy?
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