The Davos Economic Forum will host two separate hearings on cryptocurrencies, another compelling sign of digital asset penetration into the public mind
Hearings titled “Digital Currency Regulation” will be held on Monday and Thursday. The opening session will feature five public speakers, including Bank of England Governor Andrew Bailey and Western Union President and CEO Hikmet Ersek.
Four speakers will speak on Thursday, including Singapore’s senior government minister, Tharman Shanmugaratnam, and Zhu Min, head of the Beijing National Institute for Financial Research.
“The COVID-19 pandemic has accelerated the transition from cash. Meanwhile, central bank digital currencies are emerging that could potentially change the way money is used around the world. What policies, practices and collaborations are needed to capitalize on the opportunities presented by the growth of digital currencies? ”Reads the prospectus for this hearing.
The Davos Forum is a five-day summit attended by the world’s leading figures in finance and government. The hearings on cryptocurrencies fall under the theme of the Just Economy Summit. Other topics include Technology for Good, How to Save the Planet, and a Healthy Future.
The World Economic Forum is devoting more and more resources to understanding blockchain technology and cryptocurrency. The Geneva-based organization even created a working group on cryptocurrency, which released its first report last month looking at various uses for digital assets beyond price and speculation.
Blockchain technology is a key driver of sustainable digital finance, according to research. The researchers argue that the power of blockchain and smart contracts can reveal the hidden values of legacy digital systems.
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