In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with Brazil.
Also read: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit
WEF to Focus on Interaction Between
States and the Cryptocurrency Industry
Globalization and the interaction between governments and participants in the fourth industrial revolution — including players from the cryptocurrency industry — will be the main theme of the World Economic Forum (WEF) in Davos from Jan. 22 to 25, 2019. The annual meeting in the Swiss mountain resort brings together over 2,000 business and political leaders, economists and journalists to discuss pressing economic issues and “shape global, regional and industry agendas.”
The WEF’s president, Børge Brende, announced the theme of the next event while speaking to journalists in Geneva. “For us, as an international organization, it is very important to ensure global cooperation, because what we face today — geopolitical and geoeconomic challenges in a multipolar world, the challenges and the opportunities associated with the fourth industrial revolution — needs more cooperation,” he said, as quoted by Russian news agency RIA Novosti.
The participants in the high-level forum will discuss the establishment of a general framework for the interaction between these different parties. Brende made it clear he was referring to cooperation between states and individual players involved in the development of new technologies like those associated with cryptocurrencies and distributed ledgers. The WEF will also focus on topics such as Brexit and the changing economic climate in the EU.
