What Yemen is going through is a singular calamity. As the US sanctions meant to isolate the militant Houthi group in Yemen backfire, they are forcing everyday civilians to adopt decentralized finance (DeFi). As traditional financial systems become harder to access due to ongoing conflict and sanctions, Yemenis are increasingly...
Now picture doing that while the very financial system that you need to support you is being weaponized against you. We know it’s a frustrating and daunting challenge. That’s the new normal for millions of Yemenis, collateral damage in US sanctions targeting the Houthi movement. These sanctions, though imposed with...
Yemeni citizens are increasingly turning to decentralized finance (DeFi) protocols as a means of banking themselves, according to TRM Labs. Additionally, the United States continues to sanction all members of the Houthi movement. This change comes as the US officially designates them a terrorist organization.Yemen has been caught in the...