Davos’ upcoming agenda for the World Economic Forum will include two separate sessions on cryptocurrency, further strong evidence that digital assets have entered the mainstream.

Sessions called “Reset Cryptocurrencies” are held on Mondays and Thursdays. The opening session will feature five public speakers, including Bank of England Governor Andrew Bailey and Hikmat Erske, President and Chief Executive Officer of Western Union.

The panel on Thursday included four speakers, including Tharman Shanmogaratnam, a senior minister in the Singapore government, and Chu Min, head of the Beijing National Institute for Financial Research.

The opening prospectus for both sessions states that “COVID-19 has accelerated a long-term change in criticism.” In the meantime, central bank digital currencies are emerging, which could lead to a change in how people spend money around the world.

It continues:

“What guidelines, practices and partnerships are needed to take advantage of the opportunities presented by the rise of digital currencies?”
The Davos Agenda is a five-day summit that brings together some of the world’s leaders in finance and governance. A series of cryptocurrencies fall under the slogan 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 using more resources to understand blockchain technology and cryptocurrencies. The Geneva-based organization has created a working group on cryptocurrency, which just last month published its initial review on the various uses of digital assets “beyond price and speculation.”

In a study by the forum, blockchain technology was named as a key factor in a “sustainable digital economy”. The company’s researchers argue that the power of blockchain and smart contracts could reveal the “hidden values ​​of old digital systems.”

Central bank digital currencies, or CBDCs, are an area of ​​research that the forum has been studying for the past 18 months. In January 2020, the organization announced that it had developed a framework to help banks “evaluate, design and possibly publish central bank digital currencies.” The framework was developed in collaboration with over 40 central banks, financial institutions and academic researchers.

Source: CoinTelegraph

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