CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for China (16-AUG-2024) 🗝️ℹ️ (Key ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for China (16-AUG-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: 2020-04-01
CBDC Model: Retail
CBDC Issued: ¤1,810,000,000
Inflation Rate: 1.97%
TEXT:
"The Human Rights Foundation voices concern over the development of Central Bank Digital Currencies (CBDCs) in Cuba. The advocacy group fears that the implementation of a national digital currency in Cuba will increase state surveillance, suppress dissent, and further restrict financial freedom in the already heavily controlled economy. They highlight issues surrounding privacy, personal freedoms, and the potential for abuse and corruption. Furthermore, they underline that CBDCs offer authoritarian states an enhanced mechanism for tracking and controlling their citizens, which is particularly concerning in Cuba where censorship and state control are already widely criticized. Officials argue that digital currencies will help overcome economic hardships brought by sanctions, but critics believe these developments will serve only to tighten the regime's grip on power."
One-Sentence Summary:
The Human Rights Foundation raises concerns over increased state surveillance and reduced financial freedom in 🇨🇺 Cuba due to the possible implementation of Central Bank Digital Currencies (CBDCs).
✅ The Human Rights Foundation has expressed apprehension about the unfolding of CBDCs in 🇨🇺 Cuba.
✅ They fear that a national digital currency might bolster state surveillance, limit expression of dissent, and constrict financial independence in an already stringent economy.
✅ The potential risks associated with privacy, personal freedoms, and susceptibility to corruption and abuse were emphasized.
✅ The advocacy group warns that CBDCs offer authoritarian regimes an amplified tool for tracking and controlling citizens, particularly in 🇨🇺 where state control and censorship are pervasive issues.
✅ While officials present the digital currencies as a potential solution to economic adversity imposed by sanctions, critics retort that these steps could merely heighten the regime's stronghold.
#humanrights #financialfreedom #banks #globalpolitics #Cuba
Would a CBDC in Cuba be a step backwards for human rights and financial freedom, or could it present unexpected opportunities for the country's citizenry?
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: Launched
CBDC Launch: 2020-04-01
CBDC Model: Retail
CBDC Issued: ¤1,810,000,000
Inflation Rate: 1.97%
TEXT:
"The Human Rights Foundation voices concern over the development of Central Bank Digital Currencies (CBDCs) in Cuba. The advocacy group fears that the implementation of a national digital currency in Cuba will increase state surveillance, suppress dissent, and further restrict financial freedom in the already heavily controlled economy. They highlight issues surrounding privacy, personal freedoms, and the potential for abuse and corruption. Furthermore, they underline that CBDCs offer authoritarian states an enhanced mechanism for tracking and controlling their citizens, which is particularly concerning in Cuba where censorship and state control are already widely criticized. Officials argue that digital currencies will help overcome economic hardships brought by sanctions, but critics believe these developments will serve only to tighten the regime's grip on power."
One-Sentence Summary:
The Human Rights Foundation raises concerns over increased state surveillance and reduced financial freedom in 🇨🇺 Cuba due to the possible implementation of Central Bank Digital Currencies (CBDCs).
✅ The Human Rights Foundation has expressed apprehension about the unfolding of CBDCs in 🇨🇺 Cuba.
✅ They fear that a national digital currency might bolster state surveillance, limit expression of dissent, and constrict financial independence in an already stringent economy.
✅ The potential risks associated with privacy, personal freedoms, and susceptibility to corruption and abuse were emphasized.
✅ The advocacy group warns that CBDCs offer authoritarian regimes an amplified tool for tracking and controlling citizens, particularly in 🇨🇺 where state control and censorship are pervasive issues.
✅ While officials present the digital currencies as a potential solution to economic adversity imposed by sanctions, critics retort that these steps could merely heighten the regime's stronghold.
#humanrights #financialfreedom #banks #globalpolitics #Cuba
Would a CBDC in Cuba be a step backwards for human rights and financial freedom, or could it present unexpected opportunities for the country's citizenry?
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