UN Calls Developing Countries to Take Action against Crypto
— Developing, Cryptocurrencies, Crypto, Financial, Risks, Digital, Calls, Nations, Countries, Blockchain — 1 min read
The United Nations Conference on Trade and Development (UNCTAD) released a document titled “All that glitters is not gold’ According to the UN, the use of cryptos may result in financial instability risks and bring more opportunities for illicit financial activities. The organization recommends introducing the mandatory registration of crypto exchanges and digital wallets, which would make use of cryptocurrencies less attractive. Among the countries with the highest rate of crypto, adoption are Pakistan, Venezuela, Ukraine, Kenya, and Nigeria. In December 2021, UNICEF announced a plan to sell 1,000 NFTs to commemorate its 75th anniversary. The organizations was looking for ways blockchain could help combat climate change last year, the United Nations Children’s Fund (UNICEF) Source