A group of human rights advocates from across the globe have written a letter to U.S. lawmakers, urging them to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.
“We are 21 human rights advocates from 20 countries across the globe who have dedicated ourselves to the struggle for freedom and democracy. In this struggle, we have relied on Bitcoin and dollar instruments known as stablecoins, as have tens of millions of others living under authoritarian regimes or unstable economies.”
As a counter to technologists' claim that crypto is unproven and risky, experts had sent a letter to the U.S. Congress last week, reflecting their sceptism towards cryptocurrencies as they deemed them too dangerous. Nevertheless, human rights advocates are up in arms against this declaration because they believe digital assets have been life-changing.
One of the supporters, Lyudmyla Kozlovska, pointed out:
“For me, Bitcoin is not...
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