The non-profit Human Rights Foundation (HRF) has launched a central bank digital currency (CBDC) tracker, the organization announced at the same Oslo Freedom House event it organizes. The online tracker has published educational materials and a hotline. It is expected to be fully operational by the end of the year.
The tracker grew out of an eight-month fellowship at HRF that was announced in January. The fellowship was awarded to Cato Institute political analyst Nick Anthony, researcher Janine Romer, and podcaster Matthew Mezinskis. The Cato Institute is an outspoken opponent of CBDCs.
HRF Strategy Director Alex Gladstein said in a promotional video about the tracker:
“It’s going to be an online resource outlining the progress of central bank digital currencies around the world, especially in authoritarian countries, and the warning signs and risks to civil liberties that come with it.”
Since a CBDC is a central bank obligation, it “creates a direct link between citizens and the central bank,” which “opens the door to many human rights issues when it comes to CBDC adoption,” according to the CBDC tracker on the HRF website.
The first phase of the @HRF CBDC Tracker is now live!
Just announced at the Oslo Freedom Forum, the full resource will be unveiled at the end of the year.
For now, check out the landing page (phase 1) here: pic.twitter.com/FHB9DWXDqs
—Nick Anthony (@EconWithNick) June 13, 2023
According to the unrelated website CBDC Tracker, the vast majority of the world’s central banks are at some stage of investigating CBDCs, but only three CBDCs have They have launched until now. These are the Sand Dollar from the Bahamas, the Jam-Dex from Jamaica and the eNaira from Nigeria. The website also lists 14 pilot projects, including the e-CNY Chinese digital yuan. According to the HRF, the digital yuan already has 300 million users.
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