CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for United Arab Emirates (27-MAR-2024) ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for United Arab Emirates (27-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.83%
One-Sentence Summary:
The United Arab Emirates 🇦🇪 advances into the pilot phase of its CBDC strategy amid concerns over human rights and privacy issues.
Topics:
✅ The 🇦🇪 government announces the commencement of its CBDC strategy's pilot phase which includes a soft launch for cross-border transactions and proofs-of-concept with India and domestic issuance.
✅ Since 2018, the UAE Central Bank has been exploring CBDCs through initiatives like Project Aber with the Saudi Central Bank and 2021's Project mBridge with the Bank for International Settlements that aimed to streamline cross-border payments and evaluate distributed ledger technology.
✅ In 2023 the Central Bank of the UAE's governor publicized the launch of the CBDC strategy that he affirmed would digitally transform payments in the country and promote financial inclusion.
✅ Despite these advancements, the country faces criticism due to previous violations on freedom of speech, mass surveillance, and the possibility of CBDCs used as a tool to monitor citizen's finances.
Hashtags: #HumanRights #FinancialInclusion #FinancialSovereignty #DigitalCurrency #UAE
Question: Do you think the potential benefits of UAE's CBDCs in terms of improving digital payments could outweigh the concerns over the risks these pose to citizen's privacy and freedoms? 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)
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: 4.83%
One-Sentence Summary:
The United Arab Emirates 🇦🇪 advances into the pilot phase of its CBDC strategy amid concerns over human rights and privacy issues.
Topics:
✅ The 🇦🇪 government announces the commencement of its CBDC strategy's pilot phase which includes a soft launch for cross-border transactions and proofs-of-concept with India and domestic issuance.
✅ Since 2018, the UAE Central Bank has been exploring CBDCs through initiatives like Project Aber with the Saudi Central Bank and 2021's Project mBridge with the Bank for International Settlements that aimed to streamline cross-border payments and evaluate distributed ledger technology.
✅ In 2023 the Central Bank of the UAE's governor publicized the launch of the CBDC strategy that he affirmed would digitally transform payments in the country and promote financial inclusion.
✅ Despite these advancements, the country faces criticism due to previous violations on freedom of speech, mass surveillance, and the possibility of CBDCs used as a tool to monitor citizen's finances.
Hashtags: #HumanRights #FinancialInclusion #FinancialSovereignty #DigitalCurrency #UAE
Question: Do you think the potential benefits of UAE's CBDCs in terms of improving digital payments could outweigh the concerns over the risks these pose to citizen's privacy and freedoms? 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)
CBDC Tracker bot brought to you by npub18s59mqct7se3xkhxr3epkagvuydwtvhpsacj67shrta8eknynegqttz5c3
#plebstr