RATE Group | WEF Forms Consortium For Crypto Governance
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WEF Forms Consortium For Crypto Governance

24 Jan WEF Forms Consortium For Crypto Governance

Posted at 18:43h in Cryptocurrency News by

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To create a framework for the international governance of cryptocurrencies, the World Economic Forum (WEF) has reportedly formed a worldwide consortium. The Global Consortium for Digital Currency Governance will be geared toward the development of transparent, interoperable and inclusive approaches to policy to regulate the crypto industry and facilitate work between the public and private worlds in emerging and developed economies, Cointelegaph reported.

The consortium will bring together traditional financial institutions, worldwide enterprises, government representatives, academics, technical experts, global organizations, members of WEF’s communities and non-governmental organizations (NGOs). The inspiration behind the creation of the organization, the WEF reportedly said, is the realization that well-designed worldwide governance is crucial to having cryptocurrency realize its promise of facilitating financial inclusion by bringing…

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