However, the volatility of cryptocurrency can be detrimental to financial stability, and the rise of cryptocurrencies in developing countries poses threats to financial stability, domestic resource mobilization, and the security of monetary systems.
I disagree i think it would be quite the opposite actually
I mean cryptocurrency has a lot of risks and one of them is its volatility i don’t think it will be the main cause of hindrances in developing countries but rather just a factor that a citizen in a developing country or in any country for that matter would need to take into consideration
Developing countries are more interested in bitcoin in order to improve their daily lives the future of bitcoin in these countries depends on the government of that specific developing country whether they would like to support crypto in their country or put up really high walls against it
So the main reason we are having more people going to bitcoin in these countries is because they want to have a better life, and the government cannot provide better opportunities itself. In the other hand the government do not want that people to have their bitcoins?