UN trade body urges actions to curb cryptocurrencies in developing countries


By Mao Lei
  • World
  • Thursday, 11 Aug 2022

UNITED NATIONS, Aug. 10 (Xinhua) -- The UN Conference on Trade and Development (UNCTAD) called for actions to curb cryptocurrencies in developing countries in three policy briefs published on Wednesday.

While private digital currencies have rewarded some, and facilitate remittances, they are an unstable financial asset that can also bring social risks and costs, the UN trade and development body warned.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Think twice before sharing photos of your kids online, experts say
Suspected bomber dead after trying to enter Brazil's top court ahead of G20
Sri Lanka votes for new parliament as economic recovery hangs in balance
AMD to lay off 4 pct of its workforce
U.S. stocks stay flat after CPI data
Ukrainian forces repel Russian bid to pierce defences in northeast, General Staff says
Over 100 reported sick in U.S. due to McDonald's E. coli outbreak: CDC
12 killed, 5 wounded in traffic accident in Egypt
Slovakia imports gas from Azerbaijan amid supply security concerns
U.S. stocks close mixed

Others Also Read