All position papers are to be emailed to the Committees email by April 1st.
Economic and Financial Affairs Council (ECOFIN)
head chair: Alexander dua
VICE-CHAIR: Cameron Omoumi & Moayyad Shahid
Cryptocurrencies are gaining a lot of traction, especially amongst younger segments of the population. While some governments like Ecuador have embraced cryptocurrencies, others have aired on the side of caution, as transactions in the blockchain are untraceable, meaning criminals can transact in cryptocurrencies and not be caught. If governments choose to work together and embrace cryptocurrencies, cryptocurrencies could serve as the world's first major decentralized, universal currency that governments could use for transactions with other nations. The open-ended nature of this topic allows delegates to use their imagination when creating solutions.
Please submit position papers here.