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Ban Banks From Holding Crypto, UN Development Body Says

UNCTAD recommends extra taxes on transactions and ad restrictions to boost states' revenue and safeguard financial stability in developing countries.

The UN Conference on Trade and Development warns that the rising use of crypto for domestic payments and remittances may cause “leakage” of development funds. (Gregory Adams/Getty Images)
The UN Conference on Trade and Development warns that the rising use of crypto for domestic payments and remittances may cause “leakage” of development funds. (Gregory Adams/Getty Images)