With the (controversial) introduction of Bitcoin as legal tender in El Salvador, the use of cryptocurrencies by lay people for everyday transactions in daily life has now become reality. However, the interactions between cryptocurrencies, non-fungible tokens and other digital assets on the one hand and the physical economy on the other (such as, for example, the volatile nature of the value of cryptocurrencies) means the digital assets are not always well suited to everyday use. The ECOSOC should debate the desirability of the introduction of a cryptocurrency as legal tender, and the measures that could be taken to integrate cryptocurrencies with the physical economy in order to make such an introduction successful.
