News from around the world 🌎:
- 🇷🇺 Vladimir Putin’s new law, signed on August 28, 2025, empowers Russian police to freeze bank accounts for up to 10 days without court orders and mandates banks to share records within 3 days (or 24 hours electronically).
- 🇮🇷 Last week, Iran’s regime seized the homes, vehicles, and assets of 20 Baháʼí families under Article 49 of the constitution, misusing the law without evidence or due process to target the country’s largest non Muslim religious minority, freezing their bank accounts and blocking transactions as part of a broader persecution campaign driven by Ayatollah Khamenei’s fatwa.
- 🇸🇾 Syria’s central bank announced it will revalue the pound in December 2025, removing two zeros and issuing new banknotes to restore confidence and gain oversight over an estimated 40 trillion pounds circulating outside the banking system, despite the currency’s 99% value loss since 2011, though this move is seen as a superficial fix that fails to address deep monetary dysfunction.
- 🇹🇭 The Bank of Thailand announced new rules limiting daily money transfers to 50,000 baht ($1,400) by the end of 2025, claiming to protect against online scams, but the cap risks disrupting legitimate transactions for individuals, nonprofits, and activists, potentially serving as a tool for the Thai regime to expand financial control and suppress dissent.
- 🇧🇴 Bolivia’s Aug. 17, 2025, election ended the Movimiento al Socialismo party’s nearly two decade rule, leading to a historic runoff between Sen. Rodrigo Paz Pereira and former President Jorge Quiroga amid the country’s worst economic crisis in over 30 years, with inflation at its highest since 1991, widespread shortages, and a surge in Bitcoin activity as Bolivians turn to digital assets to protect savings and transact outside the failing state controlled financial system.
- 🌎 🏦 Economists at the Bank for International Settlements proposed a framework banning coins from non-custodial wallets from being accepted by regulated exchanges, introducing “compliance scores” to deem only verified wallet funds as “clean” for fiat conversion, a move framed as a “culture of duty of care” but criticized for ignoring the reliance of dissidents, nonprofits, and civil society in authoritarian states on financial privacy for secure transactions and protection from retaliation.
Source: Humans Rights Foundation (HRF)
@Human Rights Foundation / @HRF (RSS Feed)
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