Crypto’s use for humanitarian aid limited, US official says

A sign illustrating the transfer of dollars, yen and pounds to bitcoin in the window of at a Bitcoin Change bureau. Rosenberg said there are some instances where digital assets can help, but there are limitations that prevent it from having far-reaching effects. — Bloomberg

There are limits to how much digital assets can be used to provide humanitarian relief to countries in crisis, a US Treasury official said on April 22.

“I personally remain sceptical that digital assets will radically change the way the overall global financial system operates or transfers funds in a crisis – at least as they stand today,” said Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes at the Treasury Department.