World Economic Forum: Crypto Is Here To Stay And “Integral” In The Economy

January 2, 2023 1:07 pm Comments

The World Economic Forum seems to think that crypto is here to stay…

In a recent post, Dante Disparte, of the WEF, writes that crypto is an “integral” part of the economy moving forward into 2023 and beyond.

Disparte goes on to argue that banning the entire cryptocurrency sector is not the proper way to move forward, instead calling for better regulations and more responsible actors to remedy the issues plaguing the industry.

It’s no secret that the WEF wields massive influence over governments and global affairs and their recent comments could be interpreted as very bullish for crypto and digital assets…

Disparte writes on behalf of the WEF:

While the underlying technology of cryptography and blockchain is generalizable to all industries and coordinating activities (collectively the building blocks of Web3), experimentation at the core of financial services, among other sectors, continues unabated. Indeed, as a test of the staying power of digital assets and blockchains at the core of financial services (and other areas of the global economy), watch what the big banks and mature financial services firms do, not what they say.

Arguably, just as boards and executive teams reluctantly owned their cybersecurity and digital transformation mandates, the embrace of crypto technology is equally inevitable, even if the term feels like a bad word. For all its faults, this technology remains a protagonist in the global financial world.

Vandana Shiva called out the group for its digital currency plans and its other initiatives, could their support for cryptocurrency simply be a ruse to usher in a period of mass traceability and increased surveillance?

Crypto News points out:

Interestingly, the WEF compared the 2022 crypto market crash with the dot-com bubble bursting in the early 2000s, claiming that it will hand over crypto technology and blockchain infrastructure to more durable companies, business models, and use cases.

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