🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 13.85%
TEXT:
The Human Rights Foundation (HRF) has published a report about the development of Central Bank Digital Currencies (CBDCs) in Thailand. The introduction of CBDCs is being pushed as a solution to financial inclusion with 73% of the population currently unbanked. However, HRF noted that there are serious concerns about the potential misuse of CBDCs by the Thai government. Alex Gladstein, Chief Strategy Officer of HRF, warns that the implementation of CBDCs could lead to increased surveillance and control by the government. He also adds that CBDCs have the potential to restrict financial freedom and privacy.
One-Sentence Summary:
Push for Central Bank Digital Currencies in 🇹🇭Thailand is raising human rights concerns, warns the Human Rights Foundation.
Analysis:
✅The Human Rights Foundation has released a report on the development of Central Bank Digital Currencies in 🇹🇭Thailand.
✅The move towards CBDCs is aimed at financial inclusion, targeting the 73% of the Thai population currently without banking services.
✅However, the report raises serious concerns about potential misuse of CBDCs by the government.
✅HRF's Chief Strategy Officer, Alex Gladstein, cautioned that the rise of CBDCs could bolster governmental surveillance and control.
✅Additionally, Gladstein warns that CBDCs could restrict financial freedom and privacy of Thai individuals.
Hashtags:
#HumanRights #FinancialFreedom #FinancialInclusion #BankingReform #DigitalCurrency #Thailand
Question:
As we delve deeper into the digital transformation of currencies, do you think there's a trade-off between financial inclusion and privacy protection? How can governments ensure the implementation of Central Bank Digital Currencies is protective of citizens' freedom and not just a tool for increased control?
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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