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2024-09-21 00:00:27

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Malta (14-SEP-2024) πŸ—οΈβ„ΉοΈ (Key ...

⚠️ HRF CBDC ⛓️πŸͺ™ alert from HRF for Malta (14-SEP-2024)

πŸ—οΈβ„ΉοΈ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 6.15%

"Human Rights Foundation Raises Concerns About Rollout of Central Bank Digital Currencies in This 🌎 Country"

βœ… The Human Rights Foundation issues an alert about the recent developments of Central Bank Digital Currencies (CBDCs) in πŸ‡¨πŸ‡³.
βœ… Worries exist that the state could use these new digital currencies to tighten control over citizens' financial affairs.
βœ… Concerns have been exacerbated as the foundation reveals that πŸ‡¨πŸ‡³'s authorities have not clarified how privacy and anonymity issues will be addressed in the country's CBDCs rollout.
βœ… πŸ‡¨πŸ‡³ has not made it clear if and how records of CBDC transactions will be stored, nor who will have access to this data.
βœ… Critics fear increased surveillance and potential violation of financial privacy rights.
βœ… Highlighting past instances of human rights abuses, observers worry about how this technology might be used by the authoritarian regime.

#HumanRights #FinancialPrivacy #CBDCs #Surveillance

How can digital currencies be developed and managed in a way that respects human rights and individual privacy, especially in countries with a track record of violating these principles?

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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