WEF Unveils Global Governance Consortium for Digital Currencies
Marie Huillet's original article for cointelegraph.com reduced by 76%
A press release shared with Cointelegraph on Jan. 24 reveals that the newly-formed Global Consortium for Digital Currency Governance will focus on the development of interoperable, transparent and inclusive policy approaches to regulating the digital currency space and fostering public-private collaboration in both developed and emerging economies. The WEF says the impetus for the consortium's creation is a recognition that well-designed global governance remains the key to realizing the much-lauded promise of digital currencies to foster financial inclusion by extending access to financial services to un- and underbanked populations globally.
Alluding to the presently fragmented state of global digital currency regulation, the WEF says that it will focus on building trust and encourage innovative thinking on regulatory policies that can support public and private actors in the global digital currency space.
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