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The upcoming Davos Agenda of the World Economic Forum (WEF) is all set to feature two separate sessions for cryptocurrency. This feature in WEF’s Davos Agenda is indicating that digital assets and especially cryptocurrency are able to gain mainstream consideration.
The two sessions in WEF’s Davos Agenda are titled “Resetting Digital Currencies” and will be held on January 25 and 28. It is also revealed that in the first session, there will be five public speakers which include Andrew Bailey, Governor of Bank of England, and Hikmet Ersek, President and CEO of Western Union. In the second session, there will be four speakers, which also includes Tharman Shanmugaratnam, a senior Singaporean minister, and Zhu Min, chairman of the National Institute of Financial Research, Beijing.
Cryptocurrency Comes Under Fairer Economies Theme of WEF’s Davos Agenda
In the prospectus of cryptocurrency sessions in WEF’s Davos Agenda, it has been mentioned that the COVID-19 pandemic has caused a major long-term shift from traditional finance. The prospectus also mentions central bank digital currency in it by stating that it is going to transform the financial sector.
According to the official release, it is revealed that both the cryptocurrency sessions will come under a theme called, “Fairer Economies.” WEF’s Davos Agenda has been organized as per the themes which cover wider topics.
World Economic Forum Researching on Blockchain and Cryptocurrency
For the past some time, it has been seen that WEF has been researching blockchain technology and cryptocurrency. It has also created a working group on cryptocurrency in order to focus on its use cases. Even though people have moved to the digital currency, majorly during the COVID-19 pandemic, WEF has been researching CBDCs for the past 18 months. Back during the starting of 2020, WEF has announced that it has developed a framework for banks, related to CBDC. The major purpose of this framework is to help the banks in designing, evaluating, and deployment of CBDC.