The other week the World Economic Forum published their most comprehensive report about cryptocurrency to date.
It was reported on by crypto news, but it seems that it didn’t get the attention it deserves. This might have something to do with the fact that it’s well over 200 pages long!!
So, I did what any crypto hero would do: I took one for the team and summarised this damn thing in the longest video the Coin Bureau has seen to date 😅
The WEF report actually consists of 8 whitepapers which focus on the economic, technical, social, and regulatory aspects of stablecoins and CBDCs. There isn’t any discussion about regular cryptocurrencies, but early on in the report the authors mention that another big report will be published about that by the WEF in January next year.
You can bet I’ll be covering that one too.
Anyways, as some of you will know, the WEF consists of over 4000 of the world’s most powerful people who gather every year at the Davos conference to discuss the future of the world, basically. The reports these “stakeholders” put together often end up being adopted by governments and corporations as gospel, which is why this report is so important.
There is no way for me to summarise everything that was covered, but let’s just say that it’s a combination of the worst parts of what other organizations such as the FATF and BIS have suggested, x10. It was written by over 100 people, and the department of the WEF behind this report represents the largest payment companies in the world including Mastercard and Visa.
Consider this to be my attempt at summarizing the collective efforts of the individuals in this group. I think I did good.
Be sure to let me know when you watch the video!
⛓️ 🔗 Useful Links 🔗 ⛓️
► World Economic Forum Full Cryptocurrency Report: https://www.weforum.org/reports/digit…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.