Cryptocurrency

UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto

UN Development Body UNCTAD Believes Banks Should Be Banned From Holding Crypto

The United Nations Conference on Trade and Development (UNCTAD) warns that the rising use of crypto for domestic payments and remittances may cause “leakage” of development funds. The UN development recommends recommends extra taxes on transactions and ad restrictions to boost states’ revenue and safeguard financial stability in developing countries.

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