Odaily News According to a research report released by the Bank for International Settlements (BIS), so far, instead of decreasing, cryptocurrencies have amplified the financial risks for underdeveloped economies. However, this technology still has the potential to be applied in various constructive ways, and regulation should guide innovation towards directions that benefit society.

The research suggests that regulating the cryptocurrency industry is more preferable than implementing a complete ban, considering the difficulty of enforcement and the risk of stifling innovation.