World Economic Forum: crypto technologies are integral part of modern economy


The World Economic Forum (WEF) emphasized the numerous uses of blockchain and cryptography, noting that these technologies are already widely used in the financial services industry. In a recent post, the non-governmental organization WEF decried that 2022 was a terrible year for cryptocurrencies, with over $2 trillion evaporating from the market. It claimed it resembled the crypto ice age instead of the crypto winter. However, the WEF stated that a Cambrian explosion for responsible finance could follow this ice age. 


The recent FTX debacle vindicated policymakers who have been sounding the alarm on the excessive risk associated with crypto investments. Financial watchdogs worldwide urged to clamp down on crypto proliferation through regulations.  


WEF stated that the crypto winter and the scams might seem like an eroding of the hopes people had in dotcoms during the wake of the global financial crisis in 2008. Just as every technology that has ever played a significant role in people’s lives has, at some point, been influenced by bad actors, crypto was no exception. 


For this reason, regulations shouldn’t be about repressive measures but rather about netting out the negative by leaving crypto use and management in the hands of responsible parties. WEF concluded that the bursting of the dotcom bubble in 2000 led to the handover of the future of the internet to more durable hands. 2022 might be, accordingly, the year when blockchain and cryptocurrencies move on to their future.  Follow Us on Google News 


Source : [World Economic Forum: crypto technologies are integral part of modern economy]( by Emmanuel Owolabi - January 03, 2023 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.