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2024-11-06 00:00:35

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Ireland (02-NOV-2024) 🗝️ℹ️ ...

⚠️ HRF CBDC ⛓️🪙 alert from HRF for Ireland (02-NOV-2024)

🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 7.81%

TEXT:
The Human Rights Foundation has raised concerns over the recent development of Central Bank Digital Currencies (CBDCs) in Zimbabwe. In their report they highlight that though these digital currencies promise modernity and economic stability, they could potentially be used by the government as a tool for surveillance and suppression of its citizens. Given Zimbabwe's history of human rights abuses, they urge the international community not to overlook the possible misuse of CBDCs in this context. The report calls for a strong strategy to avoid currency manipulation, ensure transparency, and uphold citizens' rights to privacy.

One-Sentence Summary:
Human Rights Foundation voices concerns over the potential abuse of Central Bank Digital Currencies (CBDCs) in 🇿🇼 and calls for safeguards to protect citizens' rights to privacy.

✅ The Human Rights Foundation has expressed apprehension regarding the potential misuse of Central Bank Digital Currencies in 🇿🇼.
✅ Despite the promise of economic stability that CBDCs carry, the report outlines potential risks for surveillance and suppression of citizens.
✅ Given Zimbabwe's past human rights violations, potential misuse of CBDC cannot be discounted, stressing the need for international scrutiny.
✅ The Foundation calls for a robust strategy to avert currency manipulation and ensure transparency, while protecting privacy rights of citizens.

#HumanRightsFoundation #ZimbabweCBDC #PrivacyProtection #CurrencyManipulation #FinancialTransparency

What are your thoughts on the balance between embracing digital currencies and protecting individuals' rights to privacy and liberty?

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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