'Crypto Thoughts From Davos: Encouraging, But Beware Unintended Consequences' Covers the panel 'Creating a Credible and Trusted Digital Currency' at WEF 2020

DCI’s Neha Narula was part of a panel ‘Creating a Credible and Trusted Digital Currency’, Forbes reporter Robert Anzalone covers the story ‘Crypto Thoughts From Davos: Encouraging, But Beware Unintended Consequences’

“There was a curious talk at the World Economic Forum, held in Davos, whose topic was titledCreating a Credible and Trusted Digital Currency. The discussion tied together insight from policymakers and leaders in the digital currency field. Digital fiat, or central bank digital currency (CBDC), was the theme. The panel agreed that innovation should be encouraged – but must be enforced by regulatory rules. The group said stablecoin competition and proliferation is a risk. Public use requires new regulations and faster payment systems. The feeling among the speakers supported study and innovation but cautioned against unknown consequences.

The members assembled represented different groups, some with a profit motive, and others from a policy and regulatory duty. Sheila Warren (Blockchain Lead for the World Economic Forum), moderated the talk. The speaker panel included Tharman Shanmugaratnam (Senior Minister and Chairman of the Monetary Authority of Singapore), David Marcus (Head, Calibra, Facebook Inc.), Valdis Dombrovskis (Executive Vice-President for the European Commission), Benoît Coeuré (Bank for International Settlements (BIS)), and Neha Narula (Director, Digital Currency Initiative, Massachusetts Institute of Technology (MIT))…”