CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Indonesia (22-MAR-2024) 🗝️ℹ️ ...
⚠️ HRF CBDC ⛓️🪙 alert from HRF for Indonesia (22-MAR-2024)
🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.21%
One-Sentence Summary:
Bank Indonesia intensifies research and regulatory amendments for a Central Bank Digital Currency (CBDC) mission despite lingering human rights and corruption issues, raising concerns about the potential for misuse.
Analysis:
✅ 🇮🇩’s central bank is intensifying efforts in rolling out a CBDC (Project Garuda), curating a white paper in November 2022.
✅ Governor Perry Warjiyo unveiled plans to initiate a wholesale CBDC before rolling out a retail version for broader public reach.
✅ Legal revamp in the pipeline to make the CBDC (digital rupiah) an authorised tender in the country.
✅ The central bank solicited and evaluated public comments from January 31 to July 15, 2023, advancing towards additional stages in CBDC implementation such as experimentation and prototyping.
✅ While strides are seen in its pursuit of a digital currency, 🇮🇩 scored a moderate 58 out of 100 on Freedom House’s 2023 Freedom in the World Report, spotlighting corruption and pressure on dissidents as key issues.
✅ Detrimental corruption challenges and reported harassment of activists by influential entities call into question potential misuse of CBDCs for surveillance or exerting political favoritism.
✅ Reports suggest that internet services were manipulated by government officials for their gains, signaling concerns about the possible misuse of CBDCs for political objectives.
✅ Existing resources from Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, the U.S. Department of State, and the Cato Institute provide further details on human rights violations, civil liberties, and CBDC risks.
Hashtags:
#BankIndonesia #CBDC #ProjectGaruda #DigitalRupiah #HumanRights #corruption #DigitalEconomy #FreedomHouse #freedomofspeech
Question:
What steps can be taken to ensure that the development and deployment of CBDCs such as Indonesia's Digital Rupiah could be free from political interference and misuse, considering the reported corruption and human rights violations?
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
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🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.21%
One-Sentence Summary:
Bank Indonesia intensifies research and regulatory amendments for a Central Bank Digital Currency (CBDC) mission despite lingering human rights and corruption issues, raising concerns about the potential for misuse.
Analysis:
✅ 🇮🇩’s central bank is intensifying efforts in rolling out a CBDC (Project Garuda), curating a white paper in November 2022.
✅ Governor Perry Warjiyo unveiled plans to initiate a wholesale CBDC before rolling out a retail version for broader public reach.
✅ Legal revamp in the pipeline to make the CBDC (digital rupiah) an authorised tender in the country.
✅ The central bank solicited and evaluated public comments from January 31 to July 15, 2023, advancing towards additional stages in CBDC implementation such as experimentation and prototyping.
✅ While strides are seen in its pursuit of a digital currency, 🇮🇩 scored a moderate 58 out of 100 on Freedom House’s 2023 Freedom in the World Report, spotlighting corruption and pressure on dissidents as key issues.
✅ Detrimental corruption challenges and reported harassment of activists by influential entities call into question potential misuse of CBDCs for surveillance or exerting political favoritism.
✅ Reports suggest that internet services were manipulated by government officials for their gains, signaling concerns about the possible misuse of CBDCs for political objectives.
✅ Existing resources from Amnesty International, Financial Tyranny Index, Freedom House, Human Rights Watch, Privacy International, the U.S. Department of State, and the Cato Institute provide further details on human rights violations, civil liberties, and CBDC risks.
Hashtags:
#BankIndonesia #CBDC #ProjectGaruda #DigitalRupiah #HumanRights #corruption #DigitalEconomy #FreedomHouse #freedomofspeech
Question:
What steps can be taken to ensure that the development and deployment of CBDCs such as Indonesia's Digital Rupiah could be free from political interference and misuse, considering the reported corruption and human rights violations?
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