Cryptocurrency discussions at the World Economic Forum in Davos this week.
Crypto discussion at WEF.
Two cryptocurrency events will take place between officials of the World Economic Forum, the international commerce think tank, as part of the high-profile Davos meeting this week.
The two sessions are the first-time digital assets would be the sole topic at the WEF. The Geneva-headquartered agency has earlier spoken sporadically about Bitcoin and other crypto-assets — even honored oracle service Chainlink as a rising tech player — and foresees the sector to have a positive impact on the world.
As per the “Davos Agenda” program session, called “Resetting Digital Currencies,” sees WEF blockchain and policy head Sheila Warren, Bank of England Governor Andrew Bailey, and Western Union CEO Hikmet Ersek take the stage for discussing digital currencies.
The agenda would revolve around the policies, practices, and partnerships are needed to leverage the opportunities posed by the rise of digital currencies. “COVID-19 has accelerated the long-term shift from cash. Meanwhile, central bank digital currencies are emerging, potentially transforming how people use money worldwide,” the event’s prospectus stated.
On the other hand, Thursday’s event sees Singapore minister Tharman Shanmugaratnam, Beijing’s National Institute of Financial Research chairman Zhu Min, CoinDesk’s chief content office Micheal Casey, and Overseas Development Institute chief executive Sara Pantuliano.
This weeks’ discussions come as WEF officials have positively considered the rise of cryptocurrencies in the future, alongside another emerging tech like blockchain (over which most digital currencies work) and AI.
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