January 27, 2020 World Economic Forum forms consortium for designing governance framework for digital currencies.

Klaus Schwab, founder and executive chairman of the WEF, announced this week that the private-public effort will include contributions from the Bank of England, the Monetary Authority of Singapore, South African Reserve Bank and Massachusetts Institute of Technology (MIT). The effort received praise from Libra’s David Marcus, ConsenSys’ Joe Lubin, and MIT Digital Currency Initiative’s Neha Narula. The move comes shortly after the Forum released guidelines to central banks for determining the appropriateness of a nation cryptocurrency.