In a @Forbes feature, “When the Financial System Can’t Reach People In Crisis, Bitcoin Can,” HRF’s Global Freedom Tech Strategy Lead, Femi Longe, weighs in on how financial regulations can unintentionally restrict humanitarian aid.
“Traditional crowdfunding platforms are regulated and because they move money across borders they have to comply with anti-money laundering rules and sanctions,” he explained. “The problem is that those rules often end up affecting legitimate opposition groups, legitimate non-profits and ordinary people, rather than only the governments they were intended to target.”
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