UNCTAD, the UN agency for trade and development, urges developing nations to slow the growth of cryptocurrencies
U NCTAD, the UN agency for trade and development, has urged action to stop the spread of cryptocurrencies in developing countries in three policy briefs. According to the UN, 15 of the top 20 economies in terms of the percentage of people who own cryptocurrencies in 2021 were located in developing nations. 100th Policy Brief T he first succinct Not everything that glitters is gold. The high cost of leaving cryptocurrencies unregulated looks at the factors that have contributed to the quick growth of cryptocurrency use in poor nations, including the ease of remittances and use of cryptocurrencies as a hedge against inflation and currency problems. The executive summary also discusses the possible effects that cryptocurrencies may have on the financial stability and monetary sovereignty of developing nations. 101st Policy Brief P ublic payment systems in the digital age: A policy brief, is the second document. In response to the concerns that cryptocurrencies pose to financial stabi...