The Global Blockchain Business Council (GBBC) returned to Davos with the Blockchain Central lounge during the World Economic Forum Annual Meeting. Spanning four days from January 23rd to January 26th, the panels addressed topics ranging from the expansion of blockchain in Asian markets to the use of blockchain for identities.
As a Board Member of the GBBC, Procivis AG CEO, Daniel Gasteiger was invited as a panelist on ICO & Regulation Best Practices. After agreeing that bitcoin isn’t a security, the panel highlighted the need for a clear definition establishing the criteria for crypto tokens to qualify as securities. As a technology that has global implications, the panel stressed on the need for a coordinated approach from regulators across the world to reap the potential benefits held by it. The panel also featured VETRI’s partners Catrina Luchsinger Gähwiler, partner at FRORIEP Legal AG and Heinrich Zetlmayer, Board Member at Lykke.
Blockchain Central also hosted discussions featuring Procivis AG advisors Eva Kaili, Member of European Parliament and Michael Casey, Senior Advisor at MIT Media Lab Digital Currency Initiative. Eva Kaili offered her insights on how governments must approach the regulation of the technology and the gains on offer from its adoption in governance. Michael Casey discussed the future of crypto investing amidst growing public concern about the volatility of the cryptocurrency market.
Speaking after his panel discussion, Danny said, “The GBBC’s Blockchain Central is another step towards the mainstream adoption of blockchain technology. Having garnered the attention of regulators, governments and business leaders present at the World Economic Forum, we are confident that blockchain will feature high on the global development agenda in the coming year.”
For more on ICO best practices, follow FRORIEP Legal AG’s blogpost co-authored by Catrina Luchsinger Gähwiler, partner at FRORIEP Legal AG and Ronald Kogens, Attorney at Law, FRORIEP Legal AG and legal advisor to Procivis AG.