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Bitcoin 'Bad for Dictators,' Says Human Rights Foundation Exec

According to a Human Rights Foundation executive, Bitcoin poses a threat to dictators by enhancing financial freedom and resisting censorship. Bitcoin's decentralized nature offers an alternative for citizens living under authoritarian regimes, protecting their rights.

Bitcoin 'Bad for Dictators,' Says Human Rights Foundation Exec

According to Alex Gladstein of the Human Rights Foundation (HRF), Bitcoin has “essentially saved” citizens living under dictatorships . HRF has highlighted Bitcoin as a tool for defending human rights, especially in countries with authoritarian regimes .

Bitcoin offers two important innovations for those under financial or political oppression: it is an accessible and equitable savings technology and it is a censorship-resistant medium of exchange . Unlike traditional financial systems, Bitcoin allows users to bypass financial control and surveillance, especially in countries where governments target activists by freezing bank accounts and monitoring remittances .

HRF has an active role in supporting Bitcoin development through the Bitcoin Development Fund, which has allocated millions of dollars to projects that promote internet freedom and decentralization . Since 2020, the fund has granted over $7.8 million in BTC to 284 projects in 62 countries . These projects include the development of privacy tools, custody solutions, and educational programs .

Gladstein emphasized that Bitcoin is money that dictators cannot stop . This is particularly important in countries where governments often devalue their currency, reducing the purchasing power of citizens . Bitcoin offers an escape from these restrictions, allowing people to access a global monetary language that is widely accepted .

The HRF has also launched the Bitcoin Humanitarian Alliance, a coalition of activists, humanitarian organizations, and pro-democracy movements leveraging Bitcoin to support civil liberties and deliver aid in financially repressive environments . The alliance aims to expand the use of Bitcoin as a tool for protecting privacy, securing operational continuity, and transferring value in regions where activists are excluded from the traditional financial system .

While some, like George Soros, have criticized Bitcoin as a “nursery of dictators” , the HRF argues that Bitcoin is a powerful tool for protecting human rights and promoting freedom worldwide . Its decentralized nature and resistance to censorship make it a valuable asset for activists and citizens living under oppressive regimes .