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Bitcoin’s role in defending democracy in Nicaragua with Félix Maradiagabitcoinmagazine.com/videos/bitcoins-role-in-defending-democracy-in-nicaragua-with-f%C3%A9lix-maradiaga
288 sats \ 2 comments \ @Rsync25 20 Jun bitcoin
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0 sats \ 0 replies \ @SatsMate 22 Jun
Nicaragua would stand to benefit significantly because of the population the relies on remittances as is un/underbanked (like ElSalvador pre 2021). What do they have to lose?
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0 sats \ 0 replies \ @k00b 20 Jun
"We learned very early that we couldn't use the traditional banking system because financial repression for political control is actually one of the areas in which dictators have learned a lot. They’ve become highly sophisticated," he explained.
He went on to explain that anti-money laundering rules are often used to target the wrong parties.
“We’ve seen 3,400 NGOs shut down using this particular law,” explained Maradiaga.
It's nice to see this said so plain and concretely. In the US, financial repression still seems hypothetical and is often too subtle to register with normal people.
He referenced this Freedom in the World report that looks like a great read:
Global freedom declined for the 18th consecutive year in 2023. The breadth and depth of the deterioration were extensive. Political rights and civil liberties were diminished in 52 countries, while only 21 countries made improvements. Flawed elections and armed conflict contributed to the decline, endangering freedom and causing severe human suffering.
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