Hong Kong's national security law intensifies fears of confiscation and censorship
The recently enacted national security law of Hong Kong has driven the use of stablecoins for securing assets and raising funds for pro-democracy movements.
Aiming to quell opposition to CCP, the law empowers the Hong Kong government to freeze and confiscate assets that are suspected of being involved in national security "crimes".
People in Hong Kong are increasingly using stablecoins such as USDT as a way of keeping their assets independent from a banking system that is subject to government control.
Cryptocurrencies are also used for raising funds for protesters.
Besides, there is also a growing concern over tightening Internet censorships and surveillance of personal data in Hong Kong.
Source:
https://www.coindesk.com/hong-kong-citizens-turn-to-stablecoins-to-resist-national-security-law
#InternetCensorship #HK
#NationalSecurityLaw #CCP
The recently enacted national security law of Hong Kong has driven the use of stablecoins for securing assets and raising funds for pro-democracy movements.
Aiming to quell opposition to CCP, the law empowers the Hong Kong government to freeze and confiscate assets that are suspected of being involved in national security "crimes".
People in Hong Kong are increasingly using stablecoins such as USDT as a way of keeping their assets independent from a banking system that is subject to government control.
Cryptocurrencies are also used for raising funds for protesters.
Besides, there is also a growing concern over tightening Internet censorships and surveillance of personal data in Hong Kong.
Source:
https://www.coindesk.com/hong-kong-citizens-turn-to-stablecoins-to-resist-national-security-law
#InternetCensorship #HK
#NationalSecurityLaw #CCP
CoinDesk
Hong Kong Citizens Turn to Stablecoins to Resist National Security Law
Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.
Federal prosecutors accuse Zoom executive of working with Chinese government to surveil users and suppress video calls
A security executive of Zoom Xinjiang Jin worked with the Chinese government to terminate Americans’ accounts and disrupt video calls about the 1989 massacre of pro-democracy activists in Tiananmen Square, Justice Department prosecutors said Friday.
Zoom is California-based company and worth more than $100 billion
Prosecutors said that Jin worked as Zoom’s primary liaison with Chinese law enforcement and intelligence services, sharing user information and terminating video calls at the Chinese government’s request. Also, he monitored Zoom’s video system for discussions of political and religious topics deemed unacceptable by China’s ruling Communist Party, the complaint states, and he gave government officials the names, email addresses and other sensitive information of users, even those outside China.
Source: Washington Post #Dec18
https://www.washingtonpost.com/technology/2020/12/18/zoom-helped-china-surveillance/
#Zoom #InternetCensorship #CCP #ChinaPoverty
A security executive of Zoom Xinjiang Jin worked with the Chinese government to terminate Americans’ accounts and disrupt video calls about the 1989 massacre of pro-democracy activists in Tiananmen Square, Justice Department prosecutors said Friday.
Zoom is California-based company and worth more than $100 billion
Prosecutors said that Jin worked as Zoom’s primary liaison with Chinese law enforcement and intelligence services, sharing user information and terminating video calls at the Chinese government’s request. Also, he monitored Zoom’s video system for discussions of political and religious topics deemed unacceptable by China’s ruling Communist Party, the complaint states, and he gave government officials the names, email addresses and other sensitive information of users, even those outside China.
Source: Washington Post #Dec18
https://www.washingtonpost.com/technology/2020/12/18/zoom-helped-china-surveillance/
#Zoom #InternetCensorship #CCP #ChinaPoverty