The United Nations has laid out plans to target emerging countries from adopting crypto currencies.
Required Policy Actions:
- Ensure comprehensive financial regulation of cryptocurrencies through regulating crypto exchanges, digital wallets and decentralized finance, and banning regulated financial institutions from holding cryptocurrencies (including stablecoins) or offering related products to clients.
- Basically they want to maintain control so that they can continue to devalue fiat currencies.
- Restrict advertisements related to cryptocurrencies, as for other high-risk financial assets.
- Translation, don’t allow the general public to enjoy the profits because we are too dumb to understand the risks and opportunities.
- Provide a safe, reliable and affordable public payment system adapted to the digital era.
- Make sure we implement our own system that can track what people purchase, able to easily freeze assets (guilty until proven innocent), ability to stop asset purchases. Increase your health insurance because you eat too much fast food this month or drank too many drinks out partying. The control will be endless.
- Agree and implement global tax coordination regarding cryptocurrency tax treatments, regulation and information sharing.
- Make sure that nobody can hide anything from anyone, gotta make sure the government gets every last drop so that they can redistribute the wealth.
- Redesign capital controls to take account of the decentralized, borderless and pseudonymous features of cryptocurrencies.
- Make sure that the UN can control everything. If they get their way we will live in a system like China. If you misbehave socially you will be outcast by the government.
Source: https://unctad.org/news/unctad-spells-out-actions-curb-cryptocurrencies-developing-countries
