CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Tanzania, United Republic of ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Tanzania, United Republic of (03-NOV-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.4%
TEXT:
The Human Rights Foundation (HRF) has raised concerns over the launch of a Central Bank Digital Currency (CBDC) in China. According to them, there are significant worries about the government’s scope for surveillance and control over its citizens. The digitalized Yuan, or e-CNY, is being heralded as the first major CBDC and could be a game changer in the financial world, claims the HRF.
The Central Bank of 🇨🇳 is adamant that it will respect citizens' "reasonable demands for privacy," but many remain skeptical. Critics argue that the digital currency may give the government unprecedented visibility into individual's transactions and behaviors, leading to potential abuses of power.
HRF's Tech Fellow, Gary Miliefsky, warns about the potential for misuse of the currency, stating that it could be another tool of repression and control for the Chinese government. In a nation where government control and surveillance already extend to most aspects of life, the addition of a digital currency could take this to another level.
✅ The Human Rights Foundation warns of the potential for increased governmental surveillance and control with the launch of China's first major Central Bank Digital Currency.
✅ Critics argue that despite the Central Bank of 🇨🇳 claiming to respect privacy, the digital currency could increase visibility into personal transactions and behaviors.
✅ Tech Fellow at the Human Rights Foundation, Gary Miliefsky, expresses concern over potential misuse of the digital currency as a tool of repression in the highly controlled and monitored nation of China.
#HumanRights #PrivacyConcerns #FinancialRegulation
What do you think about the privacy issues that could arise with the implementation of a CBDC? What solutions can you suggest to prevent potential misuse of power? Share your thoughts below.
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: 4.4%
TEXT:
The Human Rights Foundation (HRF) has raised concerns over the launch of a Central Bank Digital Currency (CBDC) in China. According to them, there are significant worries about the government’s scope for surveillance and control over its citizens. The digitalized Yuan, or e-CNY, is being heralded as the first major CBDC and could be a game changer in the financial world, claims the HRF.
The Central Bank of 🇨🇳 is adamant that it will respect citizens' "reasonable demands for privacy," but many remain skeptical. Critics argue that the digital currency may give the government unprecedented visibility into individual's transactions and behaviors, leading to potential abuses of power.
HRF's Tech Fellow, Gary Miliefsky, warns about the potential for misuse of the currency, stating that it could be another tool of repression and control for the Chinese government. In a nation where government control and surveillance already extend to most aspects of life, the addition of a digital currency could take this to another level.
✅ The Human Rights Foundation warns of the potential for increased governmental surveillance and control with the launch of China's first major Central Bank Digital Currency.
✅ Critics argue that despite the Central Bank of 🇨🇳 claiming to respect privacy, the digital currency could increase visibility into personal transactions and behaviors.
✅ Tech Fellow at the Human Rights Foundation, Gary Miliefsky, expresses concern over potential misuse of the digital currency as a tool of repression in the highly controlled and monitored nation of China.
#HumanRights #PrivacyConcerns #FinancialRegulation
What do you think about the privacy issues that could arise with the implementation of a CBDC? What solutions can you suggest to prevent potential misuse of power? Share your thoughts below.
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