Blog Posts

Last week, Pakistan’s military-backed government proposed amendments to the State Bank of Pakistan Act (SBP) to open the door for a state-controlled central bank digital currency (CBDC).

Indian regulators are contemplating a ban on digital assets like Bitcoin to position their central bank digital currency (CBDC), the Digital Rupee, as the country’s dominant option.

In Nigeria, the state anti-corruption agency dropped money laundering charges against Tigran Gambaryan, a Binance employee detained by the regime since February.

We are excited to share that HRF’s CBDC Tracker is a finalist in this year’s Anthem Awards, which honor social impact work across various fields.

In North Korea, citizens face a devalued currency and strict control over foreign currency as the regime tries to trap people in the collapsing North Korean won.

Last week, HRF hosted the second annual Global Bitcoin Summit, bringing together more than 125 human rights defenders, Bitcoin developers, social entrepreneurs, and UI/UX designers from more than 60 countries at the beautiful Bitcoin Park in Nashville, Tenn.

In Kuwait, the government is escalating surveillance by mandating biometric fingerprint data for all citizens and threatening to restrict their financial accounts, assets, and government services if they fail to comply.

In Zimbabwe, the regime’s new ZiG currency is rapidly losing value, depreciating by up to 80% on the parallel market as citizens lose confidence in the state’s latest monetary experiment. Despite government interventions — including creating artificial scarcity, freezing bank accounts, and arresting currency traders — Zimbabwe is on the brink of yet another currency failure.

This week, Bitcoin took center stage in Venezuela’s struggle for financial freedom. After the Maduro regime brazenly stole the country’s presidential election, opposition leader Maria Corina Machado spoke in an exclusive interview with the Human Rights Foundation (HRF), where she called Bitcoin a “lifeline” and a “vital means for resistance” for Venezuelans suffering under repression and hyperinflation.

In Syria, Bashar al-Assad’s economic policies continue to devastate the lives of millions while he enforces a tight grip on power. Manipulated currency exchange rates and strict monetary controls have deepened poverty and wreaked havoc on the Syrian lira’s value, offering a sobering view into the impact of authoritarian rule on the financial freedom of everyday citizens.

In Russia, the crackdown on charitable donations continues. Ksenia Karelina, a dual Russian-American citizen, was sentenced to 12 years in prison for donating $51 to a Ukrainian charity. Her case highlights the severe risks individuals face when supporting Russian opposition and reminds us of the critical need for financial privacy, especially for the billions of people who live under tyrannical regimes.

As Venezuelan dictator Nicolás Maduro tightens his grip on power, he has restricted access to Binance, the world’s largest Bitcoin and cryptocurrency exchange. For many Venezuelans, Binance was a helpful lifeline offering peer-to-peer access to USD, Bitcoin, and stablecoins. Now, many are left increasingly trapped with the crumbling bolívar.