• Accompanies an article on the World Economic Forum
    The WEF holds a meeting in Davos, Switzerland every year. (Photo: iStock)
    Cryptocurrencies

    WEF group wants to write the rules for digital currencies

    Facebook’s Libra proposal forced central bankers to wake up to the need for a common set of rules governing stable coins and other cryptocurrencies

    January 27, 2020 /

    The World Economic Forum has established a global consortium focused on creating a framework for the governance of digital currencies, including government-backed stablecoins pegged to an underlying asset, such as the yen, euro or the U.S. dollar. 

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