Participants of the World Economic Forum in Davos will discuss cryptocurrencies

During the Davos Agenda event, which runs from January 25 to 29, two separate sessions will be devoted to cryptocurrencies and digital currencies of the Central Bank.

According to the information
on the website of the World Economic Forum, participants of the Davos Agenda online event will discuss issues related to cryptocurrencies during two sessions. Sessions called Resetting Digital Currencies will be held on Monday and Thursday.

The opening session will feature five speakers, including Bank of England Governor Andrew Bailey and Western Union President and CEO Hikmet Ersek. Thursday’s panel includes four speakers, including Senior Government Minister of Singapore Tharman Shanmugaratnam and Chairman of the Beijing-based National Institute of Financial Studies Zhu Min.

“COVID-19 has accelerated the long-term shift away from cash,” according to the program of both sessions. “Meanwhile, central bank digital currencies are emerging that have the potential to change the way people use money around the world. What measures and partnerships are needed to take advantage of the opportunities offered by the growth of digital currencies?”

Davos Agenda is a five-day online summit that will bring together the world’s leading figures in the finance industry and government representatives. Sessions on cryptocurrencies fall under the theme of the Fair Economy Summit. Other topics include “Technology for Good, “”How to Save the Planet,” and ” A Healthy Future.”

Recall that in December, the WEF tested the
platform on the blockchain to track carbon emissions. In October, the World Economic Forum and the Global Blockchain Business Council released
a report dedicated to the study of standards for the development and regulation of blockchains around the world. According to the July report
WEF, new technologies, including blockchain, can stimulate the growth of economies through “nature-friendly” solutions.