United Nations Economic and Social Council
1. Creating a Framework in order to Supervise Commercial Use of Cryptocurrencies
2. Economic and Social Impacts of Covid-19 with a Special Focus on Immigrants
The Economic and Social Council (ECOSOC) is the United Nations’ central platform for reflection, debate, and innovative thinking on sustainable development. ECOSOC is one of the 6 principal organs of the United Nations. The council was designed to promote higher living standards, by solving economic, social and medical matters. It engages in international cooperation in regards to preserving matters of culture, diversity, and society. The committee coordinates with other organizations, such non-governmental, to ensure the reachability of its goals. ECOSOC operates at the center of the UN on all dimensions of sustainable development—economic, social and environmental through the Sustainable Development Goals (SDGs) set in 2015. With the rise of popularity of cryptocurrencies as a form of investment and payment, people are buying cryptocurrencies without having much information on them which creates dangerous situations for the buyers because of the high volatile nature of cryptocurrencies. This irresponsible trade of cryptocurrencies might lead to one losing all of their belongings with the hope of increasing their value. It can be clearly seen that there must be a framework on a global scale for cryptocurrencies to avoid such incidents from happening. In addition to this, in 2020 the world was hit by Covid-19 pandemic which turned everyone's world upside down. Refugees, who were already in a vulnerable position, got affected adversely on top of their current situation. ECOSOC must talk about the economic and social impacts of covid-19 on people who are currently in the process of immigration.