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2024-07-30 00:00:29

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Israel (27-JUL-2024) 🗝️ℹ️ (Key ...

⚠️ HRF CBDC ⛓️🪙 alert from HRF for Israel (27-JUL-2024)

🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.39%

TEXT:

The Human Rights Foundation (HRF) has raised concerns over the plans of the Chinese government in launching its Central Bank Digital Currency (CBDC). HRF claimed that this development could potentially be used by the government to increase mass surveillance and social control. They pointed that the anonymity offered by cash is absent in CBDCs and China's government has been known to enforce strict control over its citizens' lives. This situation might introduce further repression and control measures under the disguise of a digital currency innovation.

One-Sentence Summary:

The Human Rights Foundation warns that China's planned Central Bank Digital Currency could deepen government surveillance and social control.

✅ HRF expressed worry over 🇨🇳 government's plans to launch its own CBDC.
✅ CBDC could potentially amplify mass surveillance and control by the government.
✅ A key highlight is the lack of anonymity in CBDCs, a feature present in cash.
✅ China's history of stringent control over its citizens' life intensifies concerns.
✅ CBDCs could be a façade for more repression and control in digital disguise.

Hashtags:
#HumanRights #PrivacyConcerns #CentralBankDigitalCurrency #MonetaryControl #Surveillance

Question:
How could society leverage the benefits of CBDCs while mitigating the potential risks of increased surveillance and control? Share your thoughts, let's discuss.

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
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