The United Nations Children’s Fund (UNICEF) called on governments around the world to reconsider measures to protect children amid the global adoption of cryptocurrencies.
A UNICEF report published recently states that the hype around the crypto industry has swept 87 countries by the end of 2021. In 2022, interest in digital assets will continue to grow. The stability of financial systems and, accordingly, the well-being of children depend more and more on this, they say in UNICEF.
Many unregulated cryptocurrency transactions, the authors of the report argue, indirectly or directly support the sale of children, as well as the sale of content related to the sexual exploitation of minors:
“Upcoming events will require the development of new national and international regulatory documents. We are now analyzing the situation to see where the new trends will take us.”
In many countries, according to UNICEF representatives, governments, large banks and investment companies can start forming alliances against blockchain-based financial systems. In some countries, on the contrary, partnership between the sides of the confrontation is not excluded. The main thing, the authors of the report are worried, is that at the same time market participants do not forget about the safety of children.
The massive desire to implement cryptocurrencies, according to UNICEF, is growing amid the economic pressure created by the coronavirus pandemic. At the end of 2019, UNICEF launched a cryptocurrency fund to receive, store and distribute donations in BTC and ETH.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
