Human rights activists from 20 countries have sent an open letter to the US Congress in support of a “responsible cryptocurrency policy”, praising Bitcoin and stablecoins as a necessary tool to support democracy and freedom for tens of millions.
The letter comes just a week after an open letter against cryptography was sent to parliament, which claims to be from the scientific community, but its signature contained well-known cryptographic critics and authors from high-income, democratic countries.
The group of 21 activists who are protesting are from countries that have either seen recent conflicts or have otherwise unstable economies such as Ukraine, Russia, Iraq, Nigeria, Venezuela, Cuba and even North Korea. The letter states:
“We write to encourage an open and compassionate approach to monetary tools that are playing an increasingly important role in the lives of people facing political oppression and economic hardship.
They add that they are humanists and advocates of democracy who have used Bitcoin (BTC) to help people at risk “when other options have failed” and want to defend an open money system.
The group says they have also relied on Bitcoin and stablecoins in the “fight for freedom and democracy” and that “tens of millions of others” living under dictatorships or volatile economies are also using cryptocurrencies for the same reason.
“Bitcoin and stablecoins offer unlimited access to the world economy for people in countries like Nigeria, Turkey or Argentina, where local currencies are collapsing, breaking or cutting themselves off from the outside world.”
The group cited many examples from around the world of how cryptocurrencies are helping people, citing examples from Cuba, Afghanistan, Venezuela and Nigeria, all of which have seen a sharp rise in cryptocurrencies due to inflation or a lack of appropriate financial infrastructure.
Cryptocurrencies “helped keep the fight against authoritarianism afloat”, the group added, citing the role of the crypto when the financial system failed after Russia’s invasion of Ukraine in February 2022.
Connected: Crypto is seen as the “future of money” in inflation-affected countries
Proponents of her case have been working to make the actual transcript of this statement available online. Proponents of her case have been working to make the actual transcript of this statement available online. unproven digital financial instruments. Leading signatories included professionals or long-term crypto critics such as David Gerard, Molly White and Stephen Diehl.
The human rights group said that almost all the authors of the letter were from countries with “stable currencies, freedom of speech and strong property rights” and that they probably did not experience hyperinflation or “cold grip of dictatorship”.
“The horrors of monetary colonialism, misogynistic fiscal policy, frozen bank accounts, profitable payment intermediaries and the inability to connect with the global economy could be distant ideas. [to those in the West]. For most of us and our communities – and for the majority of people around the world – they are a daily reality. If there were “much better solutions already in use” to overcome these challenges, we would know.
The campaign was organized by the cryptocurrency policy Bitcoin Policy Institute and the signatories of the letter include activists from the Feminist Coalition (Nigeria), Anti-Corruption Foundation (Russia), the Belarusian Solidarity Organization (Belarus), Ideas Beyond Borders (Iraq), Digital Citizen Fund (Afghanistan), and especially the Russian Grand Master of Chess and Chairman of the Human Rights Fund Garry Kasparov.
The human rights group acknowledged that there was a growing number of cryptocurrencies, but said that mixing up useful FinTech products and these systems was not the answer, education was needed to help people discern the differences.
“We hope that you and your colleagues do not develop or implement policies that harm our ability to use this new technology in our human rights and humanitarian work … we hope you choose another policy that enables us to save, connect and gain freedom. . “
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