General Discussion
Consumption of Drugs is altogether a really huge issue which has to be adhered to at once, The rise in it's usage, illegal trade, trafficking, consumption, overdose, business and much more has had a massive increase since the past few decades, a major cause of this is because of the introduction of cryptocurrencies in the market. Crypto comes with many pros and cons, The decentralised technology of it allows all transactions to go untraced, which gives extremists and illegal traders access to trading without the government or any other individual to have a easy way to track and trace them down. The smuggling and illegal trade of drugs such as but not limited to; Cocaine, Benzos, Marijuana, Heroin, Cannabis, Stimulants, Opioids and many more.
Rates of drug use vary by age. Rates are highest for young adults aged 18 to 25, with 33.5 percent reporting illicit drug use in the past year. Nineteen percent of youth aged 12 to 17 report past year illicit drug use. Finally, 10.3 percent of adults aged 26 and older report past year illicit drug use. This clearly shows how Drug trafficking has been increasing in ages of young adults, and majority of the victims or perpetrators are between these age gaps. Drug trafficking is a really sensitive topic which has sparked numerous conflicts and global events in the world, majority of them being in Mexico and the infamous Opioid Crisis from the United States of America to all Nations in the World. Preventions have been taken and steps have been made, but yet it continues everywhere and anywhere, trafficking could be around you or far far away from you, and no body would know due to the untraceable crypto.
There are numerous problems and laws implemented which can go around being stated, but that does not solve or regard to the extermination of the use of Drug trafficking altogether. It needs to end, not stop. It will end, not will stop. Therefore the following solutions should start being implemented at a small-scale to then a large-scale, strict checks and regulation and punishments need to be deplored. Enforcing and enhancing already existing laws would make the situation better and help towards it.
Endorses The creation of an subsidiary organization under the United Nations Office Of Drugs and Crime (UNODC) as well as The Economic and Financial Committee (ECOFIN), The organization would be exclusive towards member states,
The organization would have hefty fines and punishment for perpetrators of crime of drug trafficking with jail sentence for upto 20 years and hefty fines depending on the amount of drug trafficked cost, as well as death sentences upon the discretion of the UNODC,
As implied, the DTCCO would only be exclusive to member states, which involves countries that would not be able to provide funding towards DTCCO, this would be combatted through implementations such as but not limited to:
i) Loans and money funding under the regulation and approval of UNODC would provided to countries in need, since the DTCCO consists of many allies there would be funding provided through countries willing to as well,
ii) Immediate help towards countries in economic crisis or war to avoid any future risk or issue regarding drug trafficking increase which the nation would have to fight against, Extension on already existing loans would be granted and the country would not have to feel as if it is in a debt while it is part of DTCCO,
iii) There would be a minimum require of funding to receive from every country which would be dependent on their GDP, economy, current status of the world, any such crisis which affects them or creates an global issue, The (20.2) value would be again decided by the discretion of the UNODC and countries would be granted leaves or extensions on funding the organization,
Overlooks the entire usage of drug trafficking and it’s consumptions, encouraging a country to ratify/amend/improve or implement new laws to decrease the same,
Endorses laws to be accepted by all member states on neutralizing and maintaining the same stance after a serious drug issue/crisis has occurred globally, noting the opioid crisis.
This organization would not only be any organization, but the Future of the ODC and all countries part of it, it be taken by one nation of the world too and steady success will be visible, which in turn is expected to reach the UNODC at one point of time.
Confirms To Launch and Implement a legal Cryptocurrency under the authority of Nations, Namely, The GAMMA Coin, which shall be fully regulated and monitored by the UNODC, allowing all member nations to conduct Cryptocurrency transactions safely and smoothly:
Noting That full authority shall be given to the UNODC, and any decision pertaining to the GAMMA coin shall be subject for change by the house of UNODC (special majority),
Reminding The GAMMA coin shall be tradeable and exchangeable in all member nations and the coin shall remain internationally available,
Affirming the valuation of the GAMMA coin shall be decided by the liquidity and the level of interest in member nations (with approval of ECOFIN),
Declaring There shall be active monitoring on volumes, and a limit of liquidity shall be implemented so as to reduce volatility and provide a safer and a more efficient transaction mechanism for firms and citizens in member nations,
Recognizing that while the GAMMA coin would be highly secure and monitored by the Member Nations in case of any act of money laundering, tax evasion, fraud, drug smuggling, illegal drug-crypto trade, drug smuggling etc, shall be subject to hefty fines and imprisonment (fine upto $900,000 and imprisonment of up to 25 years however the above fine and imprisonment time frame is subject to change from case to case by the authority of ECOFIN),
The above subclauses are mentioned because of showing how the cryptocurrency GAMMA coin would be maintained, even though it doesn’t owe towards drug trafficking, this shows how a stable cryptocurrency can be maintained,
The tax bracket on the GAMMA COIN for member states would be the following:
Tax Bracket (USD)
Income Tax Rate
Less than $27,000
5%
$27,001-$50,000
9%
$50,001-80,000
12%
$80,001-$150,000
20%
$150,001-$250,000
25%
$250,001-$400,000
29%
Above $400,000
33%
Declaring the above taxation framework to be subjected to changes by the discretion of ECOFIN or the UNODC
Finalizing the cryptocurrency to be put forward for countries adopting it as their legal tender having access to the usage of a cryptocurrency, without the curb of banning it or implementing a CBDC for the same, rates of relative drug trafficking are bound to decrease with a proper and stable cryptocurrency to rely on,
Countries against the support of cryptocurrency or regulating a law of ban against cryptocurrency would be allowed to not use the GAMMA coin and have no relation towards it; it would be allowed to Join or have the usage of GAMMA coin,
i) The ODC in no ways, wants to pressurize member states and respects each member states stance on the Agenda, therefore no direct forceful enforcements for such circumstances will be taken,
A monitored cryptocurrency which does not beat the whole point of Crypto like the CBDC is needed at once, This would greatly benefit the nations with tax and control over the illegal trade, but benefit the citizens with their own privacy and popular method of trading around the world.
Requests The requirement of an index page or front title page requiring to publish any sort of media, information, article on websites;
This is to verify and allow the website to be registered on the net,
The requirement is to know the usage of drug trafficking and secure the net from such cases, also allowing the countries and DTCCO to moderate and solve the case,
This may take a lot of efforts, but it is necessary and would be enforced in smaller areas or districts of member states to observe the flow towards drug trafficking cases, cryptocurrency security and more.
To end, This are few of the solutions that would really be effective if taken into action at the right time with the right body and country. Drug trafficking has been ignored enough, it will be ignored further but giving it the attention it requires with already existing and on going crisis in the world, may not deem necessary but in turn it really is.
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