a fund of the United Nations UNICEFoperates with a mission to help disadvantaged children around the world. UNICEF, which recently published a report on cryptoassets, stated that the increasing adoption of cryptoassets will absolutely require national and international regulation.
In its new report, UN-affiliated agency UNICEF stated that digital assets have the potential to increase financial inclusion and offer “significant benefits to the livelihoods of families around the world”.
UNICEF believes that the technology used in digital assets can improve workers’ salaries and make outreach programs more transparent and efficient.
UNICEF also cryptocurrency He added that his projects pose serious threats to his report.
“On the one hand, unregulated crypto assets pose a direct threat to the stability of financial systems, government revenues on which many child services depend, and when they facilitate irregular and illegal acts that support child trafficking, child fraud, child abuse, sexual exploitation, and sexual exploitation. ”
UNICEF, crypto child safety measuresShe thinks it’s “timely” to involve the company in online child protection initiatives.
UNICEF also added to its report that 87 countries representing 90% of the world economy are actively investigating central bank digital currencies (CBDCs).
“These developments will ultimately require the emergence of national and international legal and regulatory frameworks.
Developing countries may adopt the digital currencies of major economies (CBDC), issue their own currencies and ensure interoperability (such as the direction Tunisia is trying to go with eDinar) or bet on decentralized cryptocurrencies and decentralized finance (Ecuador’ will have to choose between them).”
UNICEF began accepting Bitcoin (BTC) and Ethereum (ETH) donations in 2019, promoting itself as the first UN agency to use crypto.