Around the Globe 🌎

-🏦 JPMorgan Chase temporarily closed the US bank accounts of Russian dissident Anna Chekhovich (financial director of Navalny’s Anti Corruption Foundation) after Russia labeled her an “extremist” and her organization a “terrorist group,” highlighting how authoritarian regimes can exploit Western financial systems to repress critics in exile.

Source: https://shorturl.at/66qZe

-🇨🇺 Cuba's regime has sharply devalued the peso by setting a new official exchange rate of 410 pesos per dollar, much closer to the informal black market rate of ~440 admitting the failure of its currency controls, a move likely to drive up inflation and further squeeze ordinary Cubans amid shortages and economic crisis.

Source: https://shorturl.at/unPXH

-🛢️ The UAE is rolling out its “free” Digital Dirham CBDC to users and small businesses as a supposedly cost saving payment upgrade, but the move grants the central bank full visibility into transactions and sets the stage for future fees, controls, or negative rates while new surveillance rules tighten oversight of digital assets and penalize unapproved tools like self custody wallets.

Source: https://shorturl.at/1hHfH

-🇸🇩 Sudan’s civil war is increasingly fueled by armed groups’ profitable control of gold smuggling, oil, and diverted humanitarian aid, while civilians suffer rampant inflation, food shortages, collapsed banks, and predatory fees on informal survival markets.

Source: https://shorturl.at/6AkAq

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