SatoshiLabs, the creator of the Trezor hardware wallet, has announced the launch of the Vexl Foundation at the BTC Prague conference. A press release shared with Bitcoin Magazine said the foundation aims to restore financial power to individuals and promote personal and financial freedoms. It takes a critical stance against KYC practices and, according to the release, believes that technology should empower individuals rather than control them.
The Vexl Foundation has also introduced the Financial Tyranny Index (FTI), which measures the extent of statist interventions in the financial space. Initial findings, according to Vexl, reveal high levels of financial state control in Western democracies such as France, Belgium, Canada and the Netherlands.
The Vexl Foundation’s mission is supported by its mobile app, Vexl, which provides a private and secure platform for peer-to-peer Bitcoin transactions without KYC or institutional interference. Lea Petrášová, CEO of Vexl.it, describes i
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