CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Indonesia (18-AUG-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Indonesia (18-AUG-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.21%
TEXT:
The Human Rights Foundation has raised concerns about the development of Central Bank Digital Currencies (CBDCs) in China 🇨🇳. The non-profit organization has questioned the growth due to the potential for the digital currency to enable the Chinese government to restrict certain peoples' economic freedom.
In the report published by the foundation, the growth of the CBDCs in China has been associated with growing totalitarian control. The foundation reported that the Chinese government increasingly used the anti-corruption campaign as a guise to persecute political opponents and critics of the ruling party.
In addition, the Foundation warns of the risks that come with the increased usage of digital payments. It is concerned about the hurried rush for digitalization and the long-term impacts of allowing the Chinese government control over a majority portion of the citizens’ economic activity.
Next year, China is expected to begin a nationwide rollout of its CBDC, which will further consolidate government control over its citizens' economy, the report added.
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📰 Central Bank Digital Currencies (CBDCs) in China 🇨🇳 are raising alarm bells at the Human Rights Foundation due to potential economic freedom restrictions.
✅ The Human Rights Foundation has expressed worries about the evolving CBDCs in China 🇨🇳.
✅ The growth of CBDCs could potentially allow the Chinese government to suppress economic freedom of certain groups of people.
✅ Chinese government’s increasing use of an anti-corruption drive as a cover to target political opponents has been tied to the rise of CBDCs.
✅ The Foundation also voices concerns about the risks associated with the rapid push towards digitalization.
✅ The Chinese government's expected nationwide launch of its own CBDC will further its economic control over citizens.
#HumanRightsFoundation #China #CBDCs #EconomicFreedom
🤔 Do you believe the rise of CBDCs in China can lead to loss of economic freedom for its citizens? If so, should the global community intervene? Let's discuss this critical issue 👇
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: 4.21%
TEXT:
The Human Rights Foundation has raised concerns about the development of Central Bank Digital Currencies (CBDCs) in China 🇨🇳. The non-profit organization has questioned the growth due to the potential for the digital currency to enable the Chinese government to restrict certain peoples' economic freedom.
In the report published by the foundation, the growth of the CBDCs in China has been associated with growing totalitarian control. The foundation reported that the Chinese government increasingly used the anti-corruption campaign as a guise to persecute political opponents and critics of the ruling party.
In addition, the Foundation warns of the risks that come with the increased usage of digital payments. It is concerned about the hurried rush for digitalization and the long-term impacts of allowing the Chinese government control over a majority portion of the citizens’ economic activity.
Next year, China is expected to begin a nationwide rollout of its CBDC, which will further consolidate government control over its citizens' economy, the report added.
-------------------------------
📰 Central Bank Digital Currencies (CBDCs) in China 🇨🇳 are raising alarm bells at the Human Rights Foundation due to potential economic freedom restrictions.
✅ The Human Rights Foundation has expressed worries about the evolving CBDCs in China 🇨🇳.
✅ The growth of CBDCs could potentially allow the Chinese government to suppress economic freedom of certain groups of people.
✅ Chinese government’s increasing use of an anti-corruption drive as a cover to target political opponents has been tied to the rise of CBDCs.
✅ The Foundation also voices concerns about the risks associated with the rapid push towards digitalization.
✅ The Chinese government's expected nationwide launch of its own CBDC will further its economic control over citizens.
#HumanRightsFoundation #China #CBDCs #EconomicFreedom
🤔 Do you believe the rise of CBDCs in China can lead to loss of economic freedom for its citizens? If so, should the global community intervene? Let's discuss this critical issue 👇
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