CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Portugal (14-SEP-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Portugal (14-SEP-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 7.83%
TEXT:
"The Human Rights Foundation published a warning about the development of Central Bank Digital Currencies (CBDCs) in China. They argue that the introduction of a Digital Yuan could give the Chinese government unprecedented control over transactions. This power could potentially allow the government to track every purchase, sale, and transfer made within the country, even individual wallet-to-wallet transactions not normally visible to the central bank.
The Foundation notes that, while similar concerns are raised in any discussion about CBDCs, these concerns are particularly heightened in the case of China due to its track record on human rights and privacy. The government's control over the monetary system is already quite substantial, and the introduction of the Digital Yuan would only enhance that power.
According to the Foundation, the development of the Digital Yuan has been in the works for a while now, with prototypes being tested in various cities. If successful, this could be a blueprint for other countries considering their own sovereign digital currency."
One-sentence summary:
Concerns raised by the Human Rights Foundation over China's potential to gain increased control over transactions with the introduction of a Digital Yuan.
✅The Human Rights Foundation expresses concern over 🇨🇳's development of a Digital Yuan, which could potentially grant the government comprehensive visibility on all transactions within the country.
✅These alarms about Central Bank Digital Currencies (CBDCs) are especially prominent for 🇨🇳 due to its history of human rights and privacy violations.
✅🇨🇳's government already possesses significant control over the nation's monetary system, a scenario that could intensify with the launch of the Digital Yuan.
✅Prototype tests of the Digital Yuan are already underway in various cities, indicating that the 🇨🇳's CBDC roll-out may be imminent while serving as a potential template for other countries.
#HumanRights #DigitalCurrency #China #FinancialSurveillance
Considering the possible implications of the introduction of a Central Bank Digital Currency, how can we balance technological advancements in finance with the preservation of privacy and human rights?
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: 7.83%
TEXT:
"The Human Rights Foundation published a warning about the development of Central Bank Digital Currencies (CBDCs) in China. They argue that the introduction of a Digital Yuan could give the Chinese government unprecedented control over transactions. This power could potentially allow the government to track every purchase, sale, and transfer made within the country, even individual wallet-to-wallet transactions not normally visible to the central bank.
The Foundation notes that, while similar concerns are raised in any discussion about CBDCs, these concerns are particularly heightened in the case of China due to its track record on human rights and privacy. The government's control over the monetary system is already quite substantial, and the introduction of the Digital Yuan would only enhance that power.
According to the Foundation, the development of the Digital Yuan has been in the works for a while now, with prototypes being tested in various cities. If successful, this could be a blueprint for other countries considering their own sovereign digital currency."
One-sentence summary:
Concerns raised by the Human Rights Foundation over China's potential to gain increased control over transactions with the introduction of a Digital Yuan.
✅The Human Rights Foundation expresses concern over 🇨🇳's development of a Digital Yuan, which could potentially grant the government comprehensive visibility on all transactions within the country.
✅These alarms about Central Bank Digital Currencies (CBDCs) are especially prominent for 🇨🇳 due to its history of human rights and privacy violations.
✅🇨🇳's government already possesses significant control over the nation's monetary system, a scenario that could intensify with the launch of the Digital Yuan.
✅Prototype tests of the Digital Yuan are already underway in various cities, indicating that the 🇨🇳's CBDC roll-out may be imminent while serving as a potential template for other countries.
#HumanRights #DigitalCurrency #China #FinancialSurveillance
Considering the possible implications of the introduction of a Central Bank Digital Currency, how can we balance technological advancements in finance with the preservation of privacy and human rights?
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