Controlling Crypto Use Can Make Internet Safer, UN Executive Argues
In a statement gaining traction, Ghada Waly, executive director of the UN office on drugs and crime, has argued that restricting the usage of cryptocurrencies can help make the internet a bit safer. Controlling crypto use can make the internet safer, says UN executive. This assertion highlights a growing concern about the role of cryptocurrencies in facilitating illicit activities online.
Controlling Crypto use can partly contribute to making the internet safer, UN executive director of drugs and crime office Ghada Waly says. Her perspective emphasizes the need for increased regulation and oversight of the crypto space to mitigate risks associated with cybercrime.
If the decentralized side of cryptos has a big influence on the adoption of these assets, the statement by the Executive Director of the UN Office on Drugs and Crime, Ghada Waly, may signal a shift in global policy considerations regarding digital assets. The inherent anonymity and borderless nature of many cryptocurrencies make them attractive tools for criminals seeking to launder money, finance terrorism, and engage in other illegal activities.
Ghada Waly, executive director of the UN office on drugs and crime, has argued that restricting the usage of cryptocurrencies can help make the internet a bit safer. Her comments come at a time when governments worldwide are grappling with how to regulate the rapidly evolving crypto landscape.
Speaking during a session with other global leaders, Waly articulated her concerns about the potential for cryptocurrencies to be exploited for malicious purposes. By advocating for stricter controls, she hopes to reduce the opportunities for criminals to operate with impunity online.
Read this full report to understand the comprehensive arguments presented by the UN executive and the potential implications for the future of cryptocurrency regulation. The discussion around whether controlling crypto use can make the internet safer is only just beginning.