CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Taiwan (09-JUL-2024) 🗝️ℹ️ (Key ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Taiwan (09-JUL-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: %
TEXT:
The Human Rights Foundation has recently released a report on the development and potential impact of Central Bank Digital Currencies (CBDCs) in 🇨🇳 China. The report highlights that the People’s Bank of China (PBOC) is leading the global race in the development of CBDCs, with the pilot scheme already running in several cities across the country. But the foundation worries that the digital currency could be used by the Chinese government to control their citizens, infringing on their human rights.
CBDCs can be traced and controlled, unlike physical cash. If China's CBDC becomes well-established and widely used, it could allow the government to keep track of every single financial transaction its citizens make, which has potential implications for their freedom and privacy.
China's CBDC, termed as Digital Currency Electronic Payment (DCEP), isn’t just for domestic use. The PBOC is also actively promoting its cross-border use, challenging the global economic order, making US dollar’s hegemony no longer a given.
One-Sentence Summary:
🇨🇳 China's development of Central Bank Digital Currency could tip global economic scales and jeopardize citizen privacy, warns Human Rights Foundation.
✅ The Human Rights Foundation expresses concern over the development and potential misuse of Central Bank Digital Currencies (CBDCs) in 🇨🇳 China by the government.
✅ People's Bank of China (PBOC) leads in CBDC development with pilot testing already implemented in several cities.
✅ The foundation fears the digital currency’s capacity to trace every transaction, posing risk to Chinese citizens' freedom and privacy.
✅ Beyond domestic use, China's Digital Currency Electronic Payment (DCEP) aims to challenge global finance, threatening the US dollar's dominance.
#HumanRights #PrivacyMatters #GlobalFinance
What are your thoughts on the potential for CBDCs to be used as a tool of governmental control? Can digital currency innovation co-exist with the preservation of citizens' rights and freedoms?
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: %
TEXT:
The Human Rights Foundation has recently released a report on the development and potential impact of Central Bank Digital Currencies (CBDCs) in 🇨🇳 China. The report highlights that the People’s Bank of China (PBOC) is leading the global race in the development of CBDCs, with the pilot scheme already running in several cities across the country. But the foundation worries that the digital currency could be used by the Chinese government to control their citizens, infringing on their human rights.
CBDCs can be traced and controlled, unlike physical cash. If China's CBDC becomes well-established and widely used, it could allow the government to keep track of every single financial transaction its citizens make, which has potential implications for their freedom and privacy.
China's CBDC, termed as Digital Currency Electronic Payment (DCEP), isn’t just for domestic use. The PBOC is also actively promoting its cross-border use, challenging the global economic order, making US dollar’s hegemony no longer a given.
One-Sentence Summary:
🇨🇳 China's development of Central Bank Digital Currency could tip global economic scales and jeopardize citizen privacy, warns Human Rights Foundation.
✅ The Human Rights Foundation expresses concern over the development and potential misuse of Central Bank Digital Currencies (CBDCs) in 🇨🇳 China by the government.
✅ People's Bank of China (PBOC) leads in CBDC development with pilot testing already implemented in several cities.
✅ The foundation fears the digital currency’s capacity to trace every transaction, posing risk to Chinese citizens' freedom and privacy.
✅ Beyond domestic use, China's Digital Currency Electronic Payment (DCEP) aims to challenge global finance, threatening the US dollar's dominance.
#HumanRights #PrivacyMatters #GlobalFinance
What are your thoughts on the potential for CBDCs to be used as a tool of governmental control? Can digital currency innovation co-exist with the preservation of citizens' rights and freedoms?
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