The crypto industry came to davos2023 for the World Economic Forum's annual meeting daunted, but undeterred. nikhileshde reports from Davos, Switzerland.
DAVOS, Switzerland – The crypto industry showed up in force at the World Economic Forum’s annual conference in May 2022.
“What a difference eight months makes,” said Ripple Senior Vice President Brooks Entwistle. “You couldn’t walk more than five or 10 feet without seeing a crypto house [in 2022].”The market may have some role here. Entwistle said that many of the crypto projects advertising or operating houses in 2022 likely booked them well in advance, considering the forum’s annual meeting was originally set for January 2022 but was delayed due to a spike in COVID-19 cases worldwide.
“It’s too soon to tell what the reception is like, but the responses [so far] has been encouraging,” she said.As in years past, crypto has a presence within the main forum’s own conference, with a number of panels addressing different aspects of the industry – but specifically focused on a narrow set of topics: central bank digital currencies, digital identities, tokenized economies and the like.
Advit Nath, of the International Fund for Agricultural Development , a United Nations agency, said his group was actively using blockchain tools to track the flow of donated funds in certain regions, while Goldsmith Romero praised the fact that blockchains inherently record every transaction, making it relatively easy for her agency to establish whether it has jurisdiction over certain transactions and crimes and just use market surveillance tools in general.
Starling Labs doesn't offer anything resembling financial services, Dotan said, and so hasn't had to deal with the fallout from the crypto crash the way other companies may have. Circle CEO Jeremy Allaire, who spoke alongside Ferguson on a panel hosted by the Financial Times, said the industry’s path to recovery included differentiating between good and bad actors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Davos 2023: Protesters urge world leaders to rethink economic systemEcological crisis is fueled by current economic structure, say activists gathered in Davos-Klosters, Switzerland protesting ahead of the annual summit starting from Monday.
Read more »
European markets head for higher open; World Economic Forum kicks off in DavosThe World Economic Forus in Switzerland is a key focus for European markets this week.
Read more »
Davos 2023: Climate activists protest the presence of oil giants at World Economic ForumClimate activists are staging protests in Davos, Switzerland, on the sidelines of this week's World Economic Forum to oppose the presence of oil and gas firms.
Read more »
Manchin, Sinema and Coons meet with CEOs at private Davos luncheon for World Economic ForumChris Coons discussed U.S. aid being given to Ukraine following Russia's invasion while Joe Manchin called for American energy independence, an attendee said.
Read more »
Joe Manchin traveling to World Economic Forum in Davos as part of US delegationSen. Joe Manchin (D-WV) is among the U.S. delegation making its way to Davos, Switzerland, for the annual World Economic Forum.
Read more »
Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic ForumGenerative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos at wef23 this week
Read more »