UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries

Bitcoin.com | Aug 16, 2022 at 1:30 PM
  • A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries”.
  • The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty of countries.
  • UNCTAD has recommended a set of policy actions, stating that it “urges authorities to take the following actions to curb the expansion of cryptocurrencies in developing countries”.