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UN Assistant Secretary-General calls for exploration of cryptocurrencies to promote human development
According to ChainCatcher, UN Assistant Secretary-General Kanni Vignaraja called for exploring how cryptocurrencies, CBDCs, and stablecoins can advance human development.
Noting that Bitcoin and Ethereum peaked at $3.9 trillion in market value in December, Vignaraja suggested investigating whether some of the funds could be used to support education, healthcare, skill development and job creation.
She stressed that digital currencies need to support development while ensuring financial stability, and suggested that development organizations test cryptocurrency funds under strict supervision. Blockchain transparency helps strengthen accountability and curb corruption.
Noting that Bitcoin and Ethereum peaked at $3.9 trillion in market value in December, Vignaraja suggested investigating whether some of the funds could be used to support education, healthcare, skill development and job creation.
She stressed that digital currencies need to support development while ensuring financial stability, and suggested that development organizations test cryptocurrency funds under strict supervision. Blockchain transparency helps strengthen accountability and curb corruption.
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