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2024-07-26 00:00:42

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Kyrgyzstan (17-JUL-2024) πŸ—οΈβ„ΉοΈ ...

⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Kyrgyzstan (17-JUL-2024)

πŸ—οΈβ„ΉοΈ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 11.58%

Text: The Human Rights Foundation recently released a report detailing the potential risks posed by the development of Central Bank Digital Currencies (CBDCs) in πŸ‡¨πŸ‡³ China. The report highlighted potential overreach by the Chinese government, which would enable it to monitor transactions and potentially exert control over personal spending. Such control, the report states, could be used to punish perceived dissent and encourage behaviors deemed 'socially beneficial.' The development of CBDCs in China is just one example of a potentially troubling global trend in digital financial surveillance.

One-Sentence Summary:
The Human Rights Foundation sounds the alarm on potential civil liberties infringements triggered by the use of Central Bank Digital Currencies (CBDCs) in πŸ‡¨πŸ‡³ China.

- βœ… The Human Rights Foundation has published a comprehensive report on possible risks tied to the creation of πŸ‡¨πŸ‡³ China's CBDCs.
- βœ… The report warns of potential misuse by the πŸ‡¨πŸ‡³ Chinese government, enabling them to supervise transactions and control personal expenditures.
- βœ… The study suggests such control might serve to punish perceived opposition and promote socially pleasing behaviors.
- βœ… This move towards CBDCs in πŸ‡¨πŸ‡³ China signifies a potentially worrying global trend of enhanced digital financial monitoring.

Hashtags:
#HumanRights #CivilLiberties #FinancialPrivacy #CBDCs #CentralBankDigitalCurrency

Question:
Do you believe the development of Central Bank Digital Currencies would lead inevitably to increased financial surveillance or could there be a way to maintain users' privacy while adopting these new digital currencies? We'd love to hear 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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Author Public Key
npub1kalpnjxhle0wqfflw0ldy8u7uarqjms29p4mz43gktzvxywwmz8sghrdjx