WEF 2022: Banks see the need for caution and speed on central bank digital currencies
Despite the panel's concerns about the problems of CBDC implementation, they acknowledged that an efficient design was essential for success
By Shashank Bhardwaj
Image: Fabrice Coffrini/ AFP
Experts from around the world convened in Davos, Switzerland, on Monday, May 23, at the World Economic Forum to discuss the process of implementing a central bank digital currency (CBDC).
The World Economic Forum Annual Meeting 2022 occurs at a critical geopolitical and geoeconomic juncture in the last three decades. The summit, which began on May 22 and will end on May 26, is expected to attract over 2,000 leaders and experts from around the world.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..