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UN Development Body Believes Banks Should Be Banned From Holding Crypto

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

The United Nation’s development arm, UNCTAD, believes that banks should be banned from holding crypto while suggesting that developing countries should implement extensive restrictions on the usage of cryptocurrencies, given the risks they pose to tax collection. The UN Conference on Trade and Development (UNCTAD), in a series of reports published on Thursday, warns that the rising use of crypto for domestic payments and by migrant workers…


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