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2024-10-22 00:00:30

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Uruguay (21-OCT-2024) πŸ—οΈβ„ΉοΈ ...

⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Uruguay (21-OCT-2024)

πŸ—οΈβ„ΉοΈ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 9.1%

"Central Bank Digital Currencies (CBDCs) in πŸ‡¨πŸ‡³ are raising human rights concerns, as per a news piece from the Human Rights Foundation."

βœ… The Human Rights Foundation has released a report sounding an alarm over the potential human right risks posed by the development of Central Bank Digital Currencies in πŸ‡¨πŸ‡³.
βœ… The report mentions how the new digital financial instruments, if misused, could become tools of surveillance, violating the rights to privacy.
βœ… It is believed that CBDCs are intended to replace physical currency, and this could lead to a completely traceable monetary system controlled by πŸ‡¨πŸ‡³'s central government.
βœ… Such a system, the report suggests, eliminates the little financial privacy that the citizens of πŸ‡¨πŸ‡³ currently enjoy.
βœ… The report asks international human rights organizations to closely follow the progress of CBDCs in πŸ‡¨πŸ‡³ and be ready to mount an advocacy campaign if necessary.

#HumanRights #DigitalCurrency #CBDC #PrivacyRights #FinancialSurveillance

How can the international community ensure that the evolution of CBDCs does not compromise human rights, especially the right to privacy? Let's discuss!

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)

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