Financial Equality, the ignored Human right: how E-currencies can level the playing field
Digitisation of currency is inevitable as less people are using cash, and the reliance on plastic, apps, and online services is ever increasing. Anonymity/privacy, equal access to financial services, and monetary sovereignty are but a few issues that arise from digitisation. Because most e-financial services are provided through corporate means, anonymity/privacy have been eroded while also excluding those who are not target clients, creating a gap in financial equality. Governments could remedy the contention by enshrining in the law access to financial services as a human right for their citizens. The law and human rights would then drive the direction of the technology, rather than commercial interests.
SOURCE: Abu-Meita Z, and Inglis N. “Financial Equality, the ignored Human right: how E-currencies can level the playing field.” Griffith Journal of Law & Human Dignity, 2019.
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Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia