World Economic Forum Calls for Global Regulation of Cryptocurrencies

The World Economic Forum (WEF), known by its annual meetings in Switzerland’s Davos, is taking a somewhat surprising stance by issuing recommendations for the regulation of digital assets, including cryptocurrencies . While traditionally not crypto-friendly , the WEF recognizes the need for comprehensive global coordination in the regulation of these assets .

WEF Proposes Globalist Approach to Crypto Regulation

In a white paper published on May 25, 2023, the WEF, in collaboration with its Digital Currency Governance Consortium (DCGC), presents its vision for the regulation of cryptocurrencies . The organization suggests that coordination between jurisdictions is crucial due to the unique characteristics and limitless opportunities presented by cryptocurrencies .

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