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2024-07-18 00:00:39

CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for United States (08-JUL-2024) ...

⚠️ HRF CBDC ⛓️🪙 alert from HRF for United States (08-JUL-2024)

🗝️ℹ️ (Key Information)
CBDC Status: Pilot
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 4.1%

TEXT:

The Human Rights Foundation (HRF) has expressed concern over the rapid development of Central Bank Digital Currencies (CBDCs) in China. These new digital currencies, controlled by the central bank, pose serious risks to civil liberties, given China's human rights record and its use of technology for mass surveillance.

Already, CBDCs are being tested in several cities across the country, with plans to roll out nationally very soon. The HRF is particularly alarmed by the state's ability to maintain complete surveillance and control over monetary transactions, as this could increase censorship and discrimination against groups or individuals antagonistic to the ruling party.

Furthermore, HRF has also urged the international community to continue advocating for human rights and freedoms of Chinese citizens in the face of these disturbing developments.

One-Sentence Summary: The Human Rights Foundation raises alarm over the potential for Central Bank Digital Currencies in 🇨🇳 to encroach upon civil liberties.

✅ The Human Rights Foundation (HRF) expresses deep worry regarding the accelerating development of Central Bank Digital Currencies (CBDCs) in 🇨🇳.
✅ According to the HRF, these state-controlled digital currencies may pose threats to civil liberties, citing 🇨🇳's troubling human rights track record and tendency for technology-powered mass surveillance.
✅ With several cities in 🇨🇳 already testing CBDCs and national rollout plans around the corner, the HRF fears the government’s complete control and surveillance over every monetary transaction.
✅ The HRF warns of potential increased censorship and discrimination against groups or individuals not in line with the ruling party.
✅ The HRF has appealed to the global community to not overlook the rights and freedoms of 🇨🇳's citizens amidst these unsettling developments.

#HumanRightsFoundation #ChinaCBDCs #FinancialSurveillance #CivilLiberties

Let's hear your thoughts: Considering these concerns, how can the international community effectively advocate for the protection of civil liberties in 🇨🇳 as it rapidly adopts CBDCs?

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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Author Public Key
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