UN Taps Bitcoin as Infrastructure for Developing Nations

The United Nations has highlighted Bitcoin's potential as digital public infrastructure for developing nations. At the UN Digital Cooperation Day event on September 21, a panel discussed blockchain technology and tokenized assets as solutions to empower countries' economic systems.

Juice was extracted from Jeremy Almond, CEO of Paystand: 'Bitcoin is a catalyst for achieving the UN's Sustainable Development Goals.' He advocated for an economic agency model rather than charitable dependency. The same message echoed in Pakistan's Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib's presence on the panel.

Pakistan has been pushing for comprehensive global rules on digital assets, tying its advocacy to sustainable development objectives. For a country with over 230 million people and limited banking penetration, blockchain-based financial infrastructure isn't a theoretical exercise.

The panel emphasized interoperable infrastructure and sovereign choices, allowing countries to adopt blockchain-based systems on their own terms rather than importing frameworks designed for different economies.