UN Economic and Social Council

Agenda: Establishing a Framework for Regulating Cryptocurrencies in the Global Economy

The Economic and Social Council (ECOSOC) convenes to address the growing need for a comprehensive regulatory framework governing the use of cryptocurrencies in the global economy. Delegates will explore the multifaceted challenges and opportunities presented by the proliferation of digital currencies, with a focus on ensuring financial stability, consumer protection, and regulatory compliance in the rapidly evolving landscape of digital finance.

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Delegates are tasked with examining the potential risks associated with unregulated cryptocurrency markets, including money laundering, terrorist financing, tax evasion, and market volatility. Furthermore, the committee will assess the implications of widespread cryptocurrency adoption for traditional financial systems, central banks, and global economic governance structures.

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In addition to analyzing the risks posed by cryptocurrencies, delegates will explore potential avenues for harnessing the innovative potential of blockchain technology to promote financial inclusion, enhance transparency, and facilitate cross-border financial transactions. Through collaborative dialogue and consensus-building, delegates will work towards the development of a pragmatic and forward-looking regulatory framework that strikes a balance between fostering innovation and safeguarding the integrity and stability of the global financial system.