Human rights activists in 20 countries submit to Congress a public letter praising Bitcoin and Stablecoin as an essential tool to support democracy and freedom for tens of millions of people in support of “responsible cryptographic policies” Did.
The letter arrives just a week after an anti-cryptographic open letter claiming to come from the scientific community was sent to Congress, but its main signatures are well-known crypto critics and high-income democracies. The author was included.
A group of 21 activists applauding includes people from countries that have experienced recent conflicts or have recent conflicts, such as Ukraine, Russia, Iraq, Nigeria, Venezuela, Cuba, and even volatile economies. north korea.. The letter situation:
“We are writing to encourage an open-minded and empathic approach to financial tools that are playing an increasingly important role in the lives of those facing political repression and financial hardship. “
They add that they are Bitcoin-based humanitarians and advocates of democracy (“BTC) I want to help people at risk “if other options fail” and defend an open monetary system.
The group is with Bitcoin Stablecoin The “struggle for freedom and democracy” and the “tens of millions” living under authoritarian regimes or in volatile economies also use cryptocurrencies for the same reason.
“Bitcoin and Stablecoin provide unlimited access to the world economy for people in countries where local currencies have collapsed, collapsed or been separated from the outside world, such as Nigeria, Turkey and Argentina.”
The group provided multiple examples from around the world on how cryptocurrencies help people. Cuba, Afghanistan, Venezuela When Nigeria All of these have seen high cryptocurrency adoption due to inflation or lack of adequate financial infrastructure.
Cryptocurrencies also “helped to highlight the fight against authoritarianism,” the group added. The role played by cryptography When the financial system collapsed after Russia invaded Ukraine in February 2022.
Related: Cryptography considered the “future of money” in inflation-stricken countries
Activists aimed for “anti-cryptography” letterAddressed Congress on June 1, calling on Congress to avoid creating “a regulatory safe haven for these dangerous, flawed, and unproven digital financial instruments.” It seems to have been supported by computer scientists and engineers. Key signatories included experts or long-term crypto critics such as David Gerard, Molly White, and Stephen Diehl.
The Human Rights Union comes from a country where almost all authors of the letter have “stable currency, free speech, and strong property rights,” and they probably experience hyperinflation and a “cold handful of dictators.” He said he didn’t.
“Financial colonialism, misogynist monetary policy, frozen bank accounts, exploitative money transfer companies, and the fear of not being able to connect to the global economy may be a distant idea. [to those in the West].. For most of us, our community, and the vast majority of people around the world, they are a daily reality. We would know if there was a “much better solution already in use” to overcome these challenges. “
The campaign was organized by a crypto think tank, with the Bitcoin Policy Institute and letter signers of the Feminist Union (Nigeria), Anti-Corruption Foundation (Russia), Belarus Solidarity Foundation (Bellas), and Cross-border Ideas (Iraq). Activists are included, the Digital Citizens Fund (Afghanistan), and in particular the Grand Master of Russian chess and the chairman of the Human Rights Foundation Gary Kasparov.
Human rights groups acknowledged it Proliferating crypto fraud Although it exists, merging useful FinTech products with these schemes is not an alternative solution, he said. education It was needed to help people see the difference.
“We hope that you and your colleagues do not create or implement policies that undermine the ability of you and your colleagues to use these new technologies in human rights and humanitarian work. Get freedom.”
