In Davos, participants at the World Economic Forum, which opened this week, created the first-everdevelopment consortiummechanism for regulating digital currencies. This was reported by the CoinTelegraph portal and noted that the consortium members will develop political and economic measures to regulate relations in the cryptocurrency industry.
The measures that will be presented will apply to both developed and developing states.
Note that the issue of regulationThe crypto sphere has been raised at Davos in previous years. Only then did the majority of forum participants believe that at this stage of development the role of digital currencies is so small that there is no need to regulate them.
It is expected that the consortium will include traditional financial institutions, representatives of governments, large corporations, international organizations and the expert community.
The purpose of this structure will be not only an assessment of the potential of cryptocurrencies, but also an increase in the transparency of this segment of the economy.
Supporters of the creation of the consortium were MarkCarney, who heads the Bank of England, Klaus Schwab (chairman of the forum in Davos), head of the Monetary Authority of Singapore Tharman Shanmaugaratnam and representatives of the central banks of Egypt and Bahrain.
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