EcoBit not working with UNDP

Melati A. Jalil Yasmin Ramlan

THE United Nations Development Programme (UNDP) in Malaysia has denied any involvement with cryptocurrency investment company, EcoBit, saying no emission reduction projects using its mechanisms are taking place in Malaysia.

UNDP communications analyst Ahmad Hafiz Osman said the company, which has been promoting the Kelantan forest carbon-offset project, had also used UN logos on its website without permission.

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