cross-posted from: https://lemmy.ml/post/18395888

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"Across the world this week, authoritarian regimes predictably continue leveraging centralized technologies and top-down policies to tighten their grip on power. In Russia, Vladimir Putin pushes for harsh regulations on Bitcoin mining, citing fears of potential power outages. These measures would grant the regime unilateral control over where Bitcoin can be mined and who can mine it. While cracking down on access to an open network, he is simultaneously advocating for an expansion of a central bank digital currency (CBDC). This would inevitably grant his regime unprecedented control over individual financial transactions."