The Swiss non-governmental organization World Economic Forum (WEF) has created an international consortium to develop a framework for regulating digital currencies as reported on the WEF website.

Private companies, financial institutions, government representatives, technical experts, scientists and representatives of international organizations will join the consortium.

The WEF notes that this is the first such initiative related to digital assets and brings together representatives of various industries at the international level.

“Digital currency, a cross-cutting topic that requires input across sectors, functions, and geographies, is a key area of interest for the Forum,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. “Building on our long history of public-private cooperation, we hope that hosting this consortium will catalyse the conversations necessary to inform a robust framework of governance for global digital currencies.”