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Bank of England and Western Union CEO comment on digital currencies at Davos

Today (February 26), the World Economic Forum (WEF) is scheduled to discuss the opportunities and challenges of digital currencies in the current global economic climate. The discussion of this session will focus on reducing the role of cash and the emergence of national digital currencies (CBDCs); Measures that have accelerated with the outbreak of Covid disease.

To Report CoinDesk, Andrew Bailey, Governor of the Bank of England, and Hikmet Ersek, CEO of Western Union, will be among the members attending the World Economic Forum meeting on “Looking Back at Digital Currencies” on It will be held on January 25 and the first day of the Davos Virtual Meeting.

The topic of the meeting is the decline in the efficiency of cash in the economy and the emergence of national digital currencies, which became especially important during the crisis of the Corona virus.

Other members of the meeting included Sheila Warren, Blockchain Policy and Data Director at the World Economic Forum, Elizabeth Rossiello, CEO of Bitcoin Africa (BTC Africa SA), and Glenn H. Glenn H. Hutchins is the CEO of the North Island Ventures Digital Currency Investment Fund.

On Thursday (February 29), the second session of this meeting will be held on the topic of “A Look Again at Digital Currencies”. At the second meeting of the Association, Tharman Shanmugaratnam, Prime Minister of Singapore, Sara Pantuliano, Executive Director of the British Overseas Development Institute, and Zhu Min, Director of the National Financial Research Institute of China ( National Institute of Financial Research).


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