According to Chainanalysis’ 2021 Global Crypto Adoption Index, global adoption of cryptocurrency has grown 881% in the last year and more than 2300% since 2019. This explosion has been largely driven by developing economies, where a grassroots movement led by digital currency pioneers is opening access to markets and improving financial mobility. Yet the crypto revolution isn’t all reward and no risk.
Hosted by the Cornell SC Johnson College of Business Emerging Markets Institute (EMI), this virtual panel discussion will explore how crypto is poised to shape emerging markets. EMI Director Lourdes Casanova and International Monetary Fund (IMF) fintech and crypto specialists Dimitris Drakopoulos, Gabriel Söderberg, and Parma Bains will explain current adoption trends of crypto generally, and central bank digital currency (CBDC) specifically, in emerging markets like China, Nigeria, and Venezuela. They’ll also discuss the risks of expanding crypto adoption to developing economies. The discussion will be followed by a question-and-answer session.
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