CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Australia (22-MAR-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Australia (22-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.59%
One-Sentence Summary:
🇦🇺 Australia's CBDC development faces public skepticism due to fears of financial surveillance and control, despite the Reserve Bank of Australia's multi-phase experiments on CBDCs.
✅ The Reserve Bank of Australia conducted numerous CBDC pilots between 2021 and 2023, but final decisions on CBDC implementation are still years away.
✅ Public concerns persist, surrounding issues like financial surveillance, controls, and disruption of the existing financial system - casting CBDCs in a largely negative light.
✅ In a statement from late 2023, Reserve Governor Michele Bullock underscores the value in focusing future CBDC experiments on the wholesale side, reflective of ambiguous sentiments on Retail CBDCs.
✅ While Australia is characterized as a free society with no significant human rights abuses, the potential CBDC adoption may worsen governmental response to protests and travel freedoms.
✅ The enforcement of protest restrictions and the potential abusive use of CBDCs to undermine opposition initiatives contributes to public discomfort towards CBDCs.
✅ The continued strict travel quarantine policies raise alarm on the potential misuse of programmable CBDCs to monitor movement and purchases.
#Australia #CBDCs #HumanRights #Freedom #FinancialSurveillance #BankingInnovation #DigitalCurrency
How can the potential pitfalls and risks of CBDCs, particularly around financial surveillance, be mitigated to ensure they become tools for financial inclusion and not mechanisms for control and surveillance?
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: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.59%
One-Sentence Summary:
🇦🇺 Australia's CBDC development faces public skepticism due to fears of financial surveillance and control, despite the Reserve Bank of Australia's multi-phase experiments on CBDCs.
✅ The Reserve Bank of Australia conducted numerous CBDC pilots between 2021 and 2023, but final decisions on CBDC implementation are still years away.
✅ Public concerns persist, surrounding issues like financial surveillance, controls, and disruption of the existing financial system - casting CBDCs in a largely negative light.
✅ In a statement from late 2023, Reserve Governor Michele Bullock underscores the value in focusing future CBDC experiments on the wholesale side, reflective of ambiguous sentiments on Retail CBDCs.
✅ While Australia is characterized as a free society with no significant human rights abuses, the potential CBDC adoption may worsen governmental response to protests and travel freedoms.
✅ The enforcement of protest restrictions and the potential abusive use of CBDCs to undermine opposition initiatives contributes to public discomfort towards CBDCs.
✅ The continued strict travel quarantine policies raise alarm on the potential misuse of programmable CBDCs to monitor movement and purchases.
#Australia #CBDCs #HumanRights #Freedom #FinancialSurveillance #BankingInnovation #DigitalCurrency
How can the potential pitfalls and risks of CBDCs, particularly around financial surveillance, be mitigated to ensure they become tools for financial inclusion and not mechanisms for control and surveillance?
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