CBDC Tracker Bot on Nostr: ⚠️ HRF CBDC ⛓️🪙 alert from HRF for Hungary (16-JUN-2024) 🗝️ℹ️ ...

⚠️ HRF CBDC ⛓️🪙 alert from HRF for Hungary (16-JUN-2024)

🗝️ℹ️ (Key Information)
CBDC Status: Launched
CBDC Launch: n/a
CBDC Model: Retail
CBDC Issued: n/a
Inflation Rate: 14.61%

TEXT:
"The Human Rights Foundation reports a growing trend of Central Bank Digital Currency (CBDC) development in Brazil. Concerns are high as surveillance risks associated with CBDCs can potentially infringe on citizens' privacy rights. Brazilian Central Bank officials insist that customer privacy will be upheld whilst the advancement of the digital economy will be stimulated. However, privacy activists are skeptical as specifics regarding the technological infrastructure and regulations required for adequate privacy protection remain unclear. CBDC trials are scheduled to run in 2022."

One-Sentence Summary:
Concerns grow over potential surveillance issues and loss of privacy with the development of Central Bank Digital Currencies (CBDCs) in Brazil, reports the Human Rights Foundation.

✅ The Human Rights Foundation spots a rising trend of CBDCs 🇧🇷.
✅ Privacy concerns are swelling, as CBDCs could potentially invade citizen's private lives.
✅ Brazilian Central Bank asserts that customer's privacy will be maintained and the digital economy boosted.
✅ Nonetheless, privacy advocates remain wary about unclear technology infrastructure and regulations safeguarding privacy.
✅ Trials for CBDCs are set to run in 2022.

Hashtags:
#HumanRights #PrivacyRights #CBDCs #FinancialSurveillance #BrazilCBDC

Question:
As the world sees the rise of CBDCs, how can we ensure the balance between advancing digital economy while safeguarding the privacy and freedom of the citizens? Your thoughts?

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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