UN recommends that developing countries ban advertising of cryptocurrencies
The United Nations (UN) has recommended that developing countries take strong action against cryptocurrencies, warning of the risks associated with the industry’s lack of regulation. According to a report titled “All that glitters is not gold” published by the United Nations Conference on Trade and Development (UNCTAD), the organization acknowledged that cryptocurrencies have some advantages. However, their disadvantages far outweigh the benefits that individuals and financial institutions can reap. UNCTAD has proposed that developing countries…
