CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Thailand (12-JUL-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Thailand (12-JUL-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: 2023-06-13
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.08%
TEXT:
The Human Rights Foundation reports alarming developments as 🇨🇳 (China) carries on its development of it's Central Bank Digital Currency (CBDC). CBDCs have been painted as a revolutionary new form of money that will modernize payment systems and bring economies up to speed with the digital age. However, the action by China's government seems more about increasing government control and surveillance instead.
The Human Rights Foundation states that this move could potentially convert the digital yuan into a fully surveilled asset. This would allow the government full information on all transactions affecting every single user. The exchange of digital cash on a peer-to-peer basis, with the privacy the cash currently provides, would be nearly impossible.
This power has never before been seen in history and it greatly disturbs the Human Rights Foundation. The ability for a government to know every detail about everyone's financial life raises grave concerns regarding the privacy rights of individuals and the extent of government's power.
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One-Sentence Summary:
As China advances its CBDC production, the Human Rights Foundation warns of unparalleled government oversight threatening personal privacy rights.
✅ According to the Human Rights Foundation, the development of the Central Bank Digital Currency (CBDC) in 🇨🇳 is alarming, appearing to be more about government surveillance rather than modernizing payment process.
✅ Potentially, the digital yuan could transform into a fully surveilled asset, providing the government with detailed information on all transactions and users.
✅ Peer-to-peer exchange of digital cash, maintaining privacy that conventional cash provides, would be challenging.
✅ The scope of this power over financial details is unprecedented and has garnered strong concern from the Human Rights Foundation about the privacy rights of individuals and government's authority.
Hashtags:
#HumanRightsFoundation #PersonalPrivacy #GovernmentSurveillance #CBDC #China
Question:
As Bitcoin enthusiasts who value privacy and freedom, what are our thoughts on the rise of government-controlled digital currencies? How might they affect personal liberties and the future of finance? Let's discuss this critically important 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: Pilot
CBDC Launch: 2023-06-13
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.08%
TEXT:
The Human Rights Foundation reports alarming developments as 🇨🇳 (China) carries on its development of it's Central Bank Digital Currency (CBDC). CBDCs have been painted as a revolutionary new form of money that will modernize payment systems and bring economies up to speed with the digital age. However, the action by China's government seems more about increasing government control and surveillance instead.
The Human Rights Foundation states that this move could potentially convert the digital yuan into a fully surveilled asset. This would allow the government full information on all transactions affecting every single user. The exchange of digital cash on a peer-to-peer basis, with the privacy the cash currently provides, would be nearly impossible.
This power has never before been seen in history and it greatly disturbs the Human Rights Foundation. The ability for a government to know every detail about everyone's financial life raises grave concerns regarding the privacy rights of individuals and the extent of government's power.
--------------------------------------
One-Sentence Summary:
As China advances its CBDC production, the Human Rights Foundation warns of unparalleled government oversight threatening personal privacy rights.
✅ According to the Human Rights Foundation, the development of the Central Bank Digital Currency (CBDC) in 🇨🇳 is alarming, appearing to be more about government surveillance rather than modernizing payment process.
✅ Potentially, the digital yuan could transform into a fully surveilled asset, providing the government with detailed information on all transactions and users.
✅ Peer-to-peer exchange of digital cash, maintaining privacy that conventional cash provides, would be challenging.
✅ The scope of this power over financial details is unprecedented and has garnered strong concern from the Human Rights Foundation about the privacy rights of individuals and government's authority.
Hashtags:
#HumanRightsFoundation #PersonalPrivacy #GovernmentSurveillance #CBDC #China
Question:
As Bitcoin enthusiasts who value privacy and freedom, what are our thoughts on the rise of government-controlled digital currencies? How might they affect personal liberties and the future of finance? Let's discuss this critically important 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