Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation

Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation


A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking to offer products similar to what traditional banking offers.

WEF Global Banking Panel Seeks More Crypto Regulation

Global bankers have agreed on the need for more clear regulations for cryptocurrencies. In a panel titled “Banking in the Eye of the Storm,” part of the Davos 2023 meetings of the World Economic Forum (WEF), directives of central and private banks examined the cryptocurrency market after the events that unfolded during 2022, including the fall of cryptocurrency

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