UNDP wants to explore the potential of CRIPTS for human development in 2025. Years

UNDP official reveals that the organization wants to investigate how cryptocurrency can be used for human development, while minimizing its financial risk.

Assistant Secretary General and Regional Director of UNDP for Asia and Pacific, Kanna Vignaraja wrote Blogpost at official UNDP site Pressure on the research study on how cryptocurrency can benefit from humanity and economic development, especially in indiritations.

“It is crucial to explore how quickly develops the potential of cryptocurries, the Central Bank’s digital currency (CBDCS) and SteadyCoyns may have a positive impact on human development,” Vignaraja said.

In its post, UN official recognizes a huge economic value that alternative investment property such as Bitcoin (Btc) and Etherum (El) Hold. She mentioned that in December, BTC and ETH gained market value in the amount of $ 3.9 trillion.

“Imagine channeling even a fraction of this (market value) towards education, health, skills, and jobs,” Vignaraja said.

Although it believes that Cripto offers many advantages, such as current cross-border transfers and can support the notified communities in ensuring their funds in the middle of economic turmoil, Vignaraja remains tired of the highly volatile nature Cripto market.

Therefore, it calls for regulatory measures that can mitigate such risks associated with the crypt, simultaneously using it as a way to direct human development.

“This may require a non-traditional regulatory framework that allows cryptocurrencies to positively contribute to human development without compromising financial stability,” she said.

In the place of blog, Vignaraja also pointed out development CBDCS In key asian countries such as China, India, Indonesia, Thailand, Singapore, Japan and Korea and how they can potentially improve the responsibility and reducing corruption.

Not only that, she also said in case StablecoinsThe organization must begin researching analytics and good practice to determine whether stablecoins can safely use for improving financial resistance in community recovery.

Moreover, it suggested that UNDP begins to test the crypto funds under strict protective measures, adding that the organization is already working to expand the blockain and decentralized technology to help monitor funds and reduce corruption.

In November 2024, UNDP launched The Academy of Education in Blockoranda in cooperation with the Algoranda Foundation to equip 24,000 UN staff around the world needed to understand Blokchain technology.