⚠️ HRF CBDC ⛓️🪙 alert from HRF for Croatia (29-DEC-2023)

🗝️ℹ️ (Key Information)
CBDC Status: Research
CBDC Launch: n/a
CBDC Model: n/a
CBDC Issued: n/a
Inflation Rate: 10.78%

One-Sentence Summary:
Despite being in research phase, Croatian National Bank's report questions the viability and justification of initiating a Central Bank Digital Currency (CBDC), citing costs, risks, and the country's existing monetary system.

✅ The Croatian National Bank is presently researching CBDCs, however, they have expressed doubts about its implementation due to economic and strategic concerns.
✅ Despite scoring 84/100 in the 2023 Freedom in the World report, Croatia is plagued with corruption issues, which could potentially exacerbate with the adoption of CBDCs.
✅ It's uncertain whether the government of 🇭🇷 could misuse a CBDC, as any such currency would likely be supplied by the European Central Bank on behalf of the European Union.
✅ Persisting issues of official corruption such as nepotism, bribery and fraud raise concerns about the promises of limiting surveillance, control, and other risks associated with CBDCs.
✅ Ample resources are referenced for more detailed information on human rights violations, civil liberties, CBDC risks and metrics methodology.

#CentralBankDigitalCurrency #CBDCResearch #CroatianNationalBank #FreedomReport #Corruption

Do you believe the perceived risks and potential misuse associated with CBDCs can be sufficiently addressed to pave the way for their adoption in countries grappling with rampant corruption like 🇭🇷?

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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