Bitcoin Optimism: People In Developing Nations Believe Crypto’s Future Is Bright
Many in the financial establishment in industrialized economies see bitcoin and other cryptocurrencies with skepticism, as a speculative and highly volatile trend that can only end badly. U.S. and European regulators have issued dire warnings about the perils of crypto trading. In China, regulators clamp down hard on crypto mining, forcing crypto companies to shut […]
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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.
UN Trade Body’s Crypto Policy Recommendations
The United Nations Conference on Trade and Development (UNCTAD) urged authorities in developing countries worldwide to take action to prevent the widespread use of cryptocurrencies last week.
UNCTAD is a....