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G21 ACTIVISTS SAYS HOW PEOPLE AROUND THE WORLD RELY ON BTC

G21 ACTIVISTS SAYS HOW PEOPLE AROUND THE WORLD RELY ON BTC

Human rights activists from 20 countries have sent an open letter to the United States Congress in support of a "responsible crypto policy" and praised Bitcoin and stablecoins as important tools that support the democracy and freedom of tens of millions.


The letter comes just a week after an open anti-crypto letter was sent to Congress allegedly from the scientific community but its main signature included well-known crypto critics and authors from leading, democratic countries.


The 21 respondent group includes those from countries that have seen recent conflicts or have unstable economies such as Ukraine, Russia, Iraq, Nigeria, Venezuela, Cuba and North Korea. The book states:


"We are writing to promote an open-minded, sensitive approach to financial instruments that are increasingly playing a role in the lives of people facing political pressures and economic hardships."

They add that they are humanitarian and democratic activists who have used Bitcoin (BTC) to help vulnerable people “when other options have failed” and wish to protect an open financial system.


The group claims to have relied on Bitcoin and stablecoins for "the struggle for freedom and democracy" and for the "tens of millions of others" who live under dictatorial regimes or in fragile economies to use cryptocurrencies for the same reason.


"Bitcoin and stablecoins provide unrestricted access to the global economy for people in countries such as Nigeria, Turkey, or Argentina, where local currencies fall, collapse, or are cut off from the rest of the world."


Human rights activists have signed an open letter

The group provided a number of examples from around the world on how cryptocurrencies help people, citing examples from Cuba, Afghanistan, Venezuela and Nigeria that have all seen high acceptance of crypto due to inflation or a lack of proper financial infrastructure.


Cryptocurrencies continued to “help keep the war against dictatorship going on,” the group added, citing the role that crypto played during the collapse of the financial system following the Russian invasion of Ukraine in February 2022.


Activists aimed at a "anti-crypto" letter addressed to Congress on June 1 allegedly backed by 1,500 computer scientists and engineers who had asked Congress to refrain from creating a safe haven for these dangerous, flawed, and unconfirmed digital financial devices. ”Leading signatories include longtime crypto critics such as David Gerard, Molly White and Stephen Diehl.


The human rights federation said that most of the authors of the book come from countries with "stable financial resources, free speech, and strong local rights" and may not have experienced hyperinflation or "cold dictatorship".


“The horrors of financial colonialism, the monopoly power of women, the suspension of bank accounts, the exploitation of money laundering companies, and the inability to connect with the global economy can be far-fetched. For many of us and in our communities - and for most people around the world - it is a reality every day. If there were “better solutions already in place” to overcome these challenges, we would be able to.

The campaign is organized by the crypto think-tank Bitcoin Policy Institute and the signatories include activists from the Feminist Coalition (Nigeria), the Anti-Corruption Foundation (Russia), the Belarus Solidarity Foundation (Belarus), Ideas Without Borders (Iraq) ), Digital Citizen Fund (Afghanistan), and especially, Russian chess grandmaster and Human Rights Foundation chairman Garry Kasparov.


The human rights group acknowledged that crypto scams were on the rise but said that integrating FinTech products with these programs was not the answer but, rather, education was needed to help people make a difference.


"We hope you and your partner do not create or implement a policy that impairs our ability to apply this new technology to our human rights and humanitarian work ... we hope you choose a different policy approach, which allows us to save, connect, and gain freedom."

Source: cointelegraphy




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