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:
🇦🇪 UAE pilots its Central Bank Digital Currency (CBDC) amid concerns of press freedom and potential for increased state surveillance.
✅The United Arab Emirates (🇦🇪 UAE) is in the middle of its CBDC pilot phase.
✅In 2018, the Central Bank of 🇦🇪 started Project Aber, a wholesale CBDC pilot with the Saudi Central Bank, to improve cross-border transactions and assess the effectiveness of distributed ledger technology.
✅In 2021, the Central Bank of 🇦🇪 partnered with the Bank for International Settlements on Project mBridge, focused on streamlining cross-border payments and prioritizing "do no harm", compliance, and interoperability.
✅By 2022, Project mBridge was successfully completed.
✅On 2023, the Central Bank of 🇦🇪 launched its CBDC strategy, with the first phase taking 12-15 months and partnerships with G42 Cloud and R3.
✅However, the Freedom in the World report gave the 🇦🇪 a rating of 18 out of 100, expressing concerns about free speech and mass surveillance.
✅Existing restrictive press laws and harsh penalties for criticism of the government highlight potential concerns of a CBDC, especially around the freezing and seizing of activists', political rivals', and protestors' finances.
✅Furthermore, the increased surveillance capabilities offered by CBDCs, considering existing scrutiny on internet activity and personal communications, raise further disquiet.
#HumanRights #FreedomInDigitalEconomy #CBDC #FinancialInclusion #BankingReform #DigitalCurrency
Are we ready to compromise our privacy rights for the promised economic benefits of CBDCs? How can we navigate this new financial landscape without surrendering our liberties and freedom?
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:
🇦🇪 UAE pilots its Central Bank Digital Currency (CBDC) amid concerns of press freedom and potential for increased state surveillance.
✅The United Arab Emirates (🇦🇪 UAE) is in the middle of its CBDC pilot phase.
✅In 2018, the Central Bank of 🇦🇪 started Project Aber, a wholesale CBDC pilot with the Saudi Central Bank, to improve cross-border transactions and assess the effectiveness of distributed ledger technology.
✅In 2021, the Central Bank of 🇦🇪 partnered with the Bank for International Settlements on Project mBridge, focused on streamlining cross-border payments and prioritizing "do no harm", compliance, and interoperability.
✅By 2022, Project mBridge was successfully completed.
✅On 2023, the Central Bank of 🇦🇪 launched its CBDC strategy, with the first phase taking 12-15 months and partnerships with G42 Cloud and R3.
✅However, the Freedom in the World report gave the 🇦🇪 a rating of 18 out of 100, expressing concerns about free speech and mass surveillance.
✅Existing restrictive press laws and harsh penalties for criticism of the government highlight potential concerns of a CBDC, especially around the freezing and seizing of activists', political rivals', and protestors' finances.
✅Furthermore, the increased surveillance capabilities offered by CBDCs, considering existing scrutiny on internet activity and personal communications, raise further disquiet.
#HumanRights #FreedomInDigitalEconomy #CBDC #FinancialInclusion #BankingReform #DigitalCurrency
Are we ready to compromise our privacy rights for the promised economic benefits of CBDCs? How can we navigate this new financial landscape without surrendering our liberties and freedom?
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