I had the honour of sharing my personal experience with Melanion Capital & Jad #Comair on their podcast about how easy it is to weaponise the financial data of every resident and citizen of Western countries.
The refusal to protect banking secrecy has led to a massive failure in the protection of human rights. #Bitcoin p2p transactions have become the only available tool for the financially repressed and excluded as a consequence of the abuse of AML/CFT laws.
We live in a time when financial institutions have been given the right to police activities of citizens. If your rights are violated by the police, you have the possibility of defence/remedies. However, with financial institutions, there are no such mechanisms due to Financial Action Task Force (FATF) recommendations.
I experienced this first hand when three authoritarian regimes abused my and Open Dialogue Foundation banking data getting it from #Belgium and #Poland.
Banking records obtained by three regimes became a weapon against me and anyone who worked, received our support in different countries or championed our human rights work at the time. I able to continue my human rights work and hold accountable perpetrators of violations of my rights thanks to #freedomtech Bitcoin.
Ironically, AML/CFT laws were created to fight criminals, oligarchs, dictators corrupting western countries. In reality - AML/CFT laws have become the most effective tool for #TransnationalRepression, breaking down all barriers to protect the right to #privacy of #correspondence, #transactions, #movements. If you think that this only applies to dictatorial or authoritarian countries, you are sorely mistaken.
Want to learn more? Listen our 🎙️ Ep32 of ‘Bitcoin Equities Talks’ with Melanion Capital
https://x.com/MelanionCap/status/1810303322319949884