Latest Type: Blog Post

In Thailand, the government initiated the second phase of its digital cash handout, targeting four million Thai seniors with 10,000 baht ($290) distributed via their state-controlled “Tang Rath” app.

In Turkey, through years of double-digit inflation, the state has eroded the value of the country’s largest banknote, the 200-lira bill, whose purchasing power has plummeted from $140 in 2010 to just $5.80 today.

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 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, authoritarian regimes continued to use financial repression tactics to target dissidents and opposition movements. In Nicaragua, the National Assembly unanimously approved a reform allowing the regime to prosecute and seize the assets of exiled citizens.

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.