CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Ethiopia (18-JUN-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Ethiopia (18-JUN-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 33.9%
TEXT:
The Human Rights Foundation (HRF) is concerned about the development and potential abuse of Central Bank Digital Currencies (CBDCs) in North Korea. According to an HRF press release, the North Korean government has been utilizing blockchain technology in an attempt to build its own CBDC. Now, there are rising fears that the country could use this currency to bypass global economic sanctions and strengthen its authoritarian regime.
"There are serious concerns about the rights to privacy and economic freedom as the North Korean government can easily track, control and manipulate the transactions of its citizens with this technology," Alex Gladstein, HRF's Chief Strategy Officer, said. "It's like Big Brother on steroids."
His grim warning comes as North Korea intensifies its efforts to migrate from a physical to a digital economy. With the help of other authoritarian regimes, namely Russia and China, Gladstein says that the country is closer than ever to achieving its goal of having a fully digital, centralized currency under its sole control.
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One-Sentence Summary:
North Korea's creation of a Central Bank Digital Currency is causing rising concerns about potential abuses of privacy, economic freedom, and global economic sanctions, warns the Human Rights Foundation.
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✅ The Human Rights Foundation (🇺🇳) has expressed concern over 🇰🇵's development and possible misuse of Central Bank Digital Currencies (CBDCs).
✅ According to HRF's press release, 🇰🇵 might use blockchain technology to create its own CBDC, which could help it evade global economic sanctions and further strengthen its authoritarian regime.
✅ Alex Gladstein, HRF's Chief Strategy Officer, highlights issues surrounding privacy and economic freedom, with potential monitoring, control, and manipulation of transactions by the 🇰🇵 government.
✅ This comes at a time when 🇰🇵, with support from other authoritarian regimes like 🇷🇺 and 🇨🇳, is striving to transition from a physical to a digital economy and a fully centralized currency.
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#HumanRights #CentralBankDigitalCurrency #NorthKorea #GlobalEconomicSanctions #PrivacyRights
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What are your thoughts on the potential of CBDCs being misused by authoritarian governments as an instrument of surveillance and control over their citizens? And what do you believe could be done to prevent such abuses?
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: 33.9%
TEXT:
The Human Rights Foundation (HRF) is concerned about the development and potential abuse of Central Bank Digital Currencies (CBDCs) in North Korea. According to an HRF press release, the North Korean government has been utilizing blockchain technology in an attempt to build its own CBDC. Now, there are rising fears that the country could use this currency to bypass global economic sanctions and strengthen its authoritarian regime.
"There are serious concerns about the rights to privacy and economic freedom as the North Korean government can easily track, control and manipulate the transactions of its citizens with this technology," Alex Gladstein, HRF's Chief Strategy Officer, said. "It's like Big Brother on steroids."
His grim warning comes as North Korea intensifies its efforts to migrate from a physical to a digital economy. With the help of other authoritarian regimes, namely Russia and China, Gladstein says that the country is closer than ever to achieving its goal of having a fully digital, centralized currency under its sole control.
---
One-Sentence Summary:
North Korea's creation of a Central Bank Digital Currency is causing rising concerns about potential abuses of privacy, economic freedom, and global economic sanctions, warns the Human Rights Foundation.
---
✅ The Human Rights Foundation (🇺🇳) has expressed concern over 🇰🇵's development and possible misuse of Central Bank Digital Currencies (CBDCs).
✅ According to HRF's press release, 🇰🇵 might use blockchain technology to create its own CBDC, which could help it evade global economic sanctions and further strengthen its authoritarian regime.
✅ Alex Gladstein, HRF's Chief Strategy Officer, highlights issues surrounding privacy and economic freedom, with potential monitoring, control, and manipulation of transactions by the 🇰🇵 government.
✅ This comes at a time when 🇰🇵, with support from other authoritarian regimes like 🇷🇺 and 🇨🇳, is striving to transition from a physical to a digital economy and a fully centralized currency.
---
#HumanRights #CentralBankDigitalCurrency #NorthKorea #GlobalEconomicSanctions #PrivacyRights
---
What are your thoughts on the potential of CBDCs being misused by authoritarian governments as an instrument of surveillance and control over their citizens? And what do you believe could be done to prevent such abuses?
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