Abstract
Digitisation of currency is inevitable as less people are using cash, and
reliance on plastic, apps and online services is increasing.
Anonymity/privacy, equal access to financial services, and monetary
sovereignty are but a few issues that arise from digitisation. Since most efinancial services are provided through corporate means,
anonymity/privacy have been eroded and also excluded for those who are
not target clients, therefore creating a gap in financial equality.
Governments could attempt to limit the growing financial inequality by
granting their citizens, through the law, universal access to financial
services as a basic human right. Human rights, via the law, would
then drive the direction of the technology, rather than commercial
interests
reliance on plastic, apps and online services is increasing.
Anonymity/privacy, equal access to financial services, and monetary
sovereignty are but a few issues that arise from digitisation. Since most efinancial services are provided through corporate means,
anonymity/privacy have been eroded and also excluded for those who are
not target clients, therefore creating a gap in financial equality.
Governments could attempt to limit the growing financial inequality by
granting their citizens, through the law, universal access to financial
services as a basic human right. Human rights, via the law, would
then drive the direction of the technology, rather than commercial
interests
Original language | English |
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Pages (from-to) | 105-142 |
Number of pages | 38 |
Journal | Griffith Journal of Law & Human Dignity |
Volume | 7 |
Issue number | 1 |
Publication status | Published - May 2019 |