UN warns against rapid adoption of crypto in developing nations

- By Joasia E. Popowicz
- @joasiaepopowicz
- 12 Aug 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The UN has warned against the rapid uptake of cryptocurrencies in emerging economies due to the ways in which they divert money away from development.

The global use of cryptocurrencies increased exponentially during the pandemic. Among the top twenty countries with the highest share of the population that own digital currencies, Ukraine came first (12.7%), followed by Russia (11.9%) and Venezuela (10.3%).

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@centralbanking.com