Day 2: Economic and Finance Committee

Day 2: Economic and Finance Committee

Reporters: Thandeka Mangwiro & Ashley Makuwa

New York Times

The debate begins with the ending of the previous issue and they quickly move on to the next issue which is ‘Physical fraud through cryptocurrency’. The chair makes the delegate of Spain move seats and sits by the delegate of Bolivia for an unknown reason. Cryptocurrency a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank, unattributable. Bolivia asked the United States “How does the delegate of the US affect Senegal, they can create their own cryptocurrency?”. ‘Donald Trump would not share information’ says the delegated of Ecuador and he gets approval from other delegates. All member states may be able to come up with solutions on how to govern says the delegate of Japan. The debate is going really quickly but has come to a sudden halt because a guest speaker is coming to speaking to the delegates. This is a really great committee and filled with curious minds and a special shout out to the chairs for conducting a great debate.

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