RATE Group | WEF2020 Announced A Global Consortium For Cryptocurrency Governance
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WEF2020 Announced A Global Consortium For Cryptocurrency Governance

25 Jan WEF2020 Announced A Global Consortium For Cryptocurrency Governance

Posted at 15:06h in Cryptocurrency News by

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The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins.

Global Consortium For Digital Currency Governance

The World Economic Forum for 2020 took place at Davos the past week, and cryptocurrencies received a lot of attention. Yesterday, during its last day, the Forum announced the creation of the first Global Consortium for Digital Currency Governance. It will consist of financial institutions, government representatives, academics, international organizations, leading companies, technical experts, NGOs, and members of the Forum’s communities on a global level.

The report indicates that if digital currencies are to receive proper financial inclusion, they need to be “paired with good governance.” Therefore, the Consortium’s purpose will be to establish a…

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