United Nations agency UNDP eyes blockchain for financial inclusion.
UNDP Pushes for Crypto Research in 2025
The United Nations Development Programme (UNDP) is exploring how cryptocurrencies, CBDCs, and stablecoins can drive economic development while mitigating financial risks.
In a recent blog post, UN Assistant Secretary-General Kanni Wignaraja highlighted crypto’s potential to support unbanked communities, enable cross-border transactions, and boost financial resilience in recovering economies. However, she stressed the need for regulatory safeguards to prevent misuse and volatility.
Testing Crypto for Humanitarian Impact
The UNDP is considering testing crypto funds under strict regulations to assess their impact. Additionally, Wignaraja emphasized CBDCs’ role in improving transparency in China, India, Indonesia, Thailand, Singapore, Japan, and Korea.
Stablecoins, she noted, could help in financial recovery efforts, provided proper oversight is in place.
UNDP’s Blockchain Initiatives
To support this shift, the UNDP launched a blockchain academy in November 2024 with the Algorand Foundation, aiming to train 24,000 UN personnel in blockchain technology.
As crypto adoption grows, the UNDP seeks a non-traditional regulatory framework that balances financial stability with innovation for human development.
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