Cryptocurrencies are going mainstream, and the world’s younger generation, in particular, is taking notice. Cryptocurrency exchange Crypto.com recently predicted that cryptocurrency users worldwide could reach one billion by the end of 2022. Other findings show that Millennials—those between the ages of 26 and 41—are turning to investing in digital assets to create wealth. For example, a 2021 study by personal loan company Stilt found that based on their user data, more than 94% of people who own cryptocurrencies were between the ages of 18 and 40.
Keeping Children Safe While the rise in interest in cryptocurrencies is notable, some are raising concerns regarding the ways in which those under the age of 18 are interacting with digital assets. These challenges have been highlighted in UNICEF’s recent “Outlook for Children in 2022” report, which examines the impact that global trends may have on children, including concerns around the widespread adoption of cryptocurrency.
Melvin Breton Guerrero, a policy specialist at UNICEF’s Office for Global Vision and Policy, told Cointelegraph that he wrote the section of the report on digital currencies. According to Guerrero, this part of the document is very relevant because the cryptocurrency industry is still developing and therefore requires safeguards for children:
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