Bitcoin Audible Read_906 - The Censorship Tsunami is Building [FFR 91]
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Oct 6, 2025 Governments are rushing toward financial control, raising alarms about censorship and surveillance. Vietnam's mass bank-account purge and India's new censorship platform highlight the alarming trend. Amid this chaos, many are turning to Bitcoin as a secure alternative. Insights into El Salvador's Bitcoin banking law, Cuba's integration with China's payment system, and the risks of Kazakhstan's CBDC further reveal the push for monetary freedom. The discussion emphasizes that growing authoritarianism may ultimately drive more people toward decentralized currency solutions.
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Mass Account Deactivations Risk Exclusion
- Vietnam deactivated over 86 million bank accounts to force biometric ID, cutting millions off from their money overnight.
- Such top-down digital ID rollouts can cause mass financial exclusion and push people toward alternatives like crypto.
Selective Bitcoin Services For The Wealthy
- El Salvador passed an investment banking law letting private banks offer Bitcoin services limited to high-net-worth clients.
- The law sidelines ordinary Salvadorans and contradicts IMF requests to scale back state Bitcoin exposure.
New Centralized Takedown Portal Expands Censorship
- India launched Sayog, a government takedown portal letting many agencies request content removal across platforms.
- The system bypasses Supreme Court safeguards and raises serious free-expression concerns.