Which international body recently unveiled the establishment of the Global Consortium for Digital Currency Governance?
Show answer Hide answer
Answer: B. World Economic Forum
Explanation
The World Economic Forum officially launched the Global Consortium for Digital Currency Governance. This international organization works tirelessly to shape global industrial and economic strategies. Establishing such a consortium helps governments and central banks regulate emerging digital currencies safely. The World Economic Forum is an international non-governmental organization based in Switzerland. It convenes political and business leaders annually to address pressing global economic issues. Digital currency governance focuses on creating transparent frameworks for decentralized financial systems globally.
Rapid technological advancements in fintech require coordinated international oversight to prevent financial crimes. Central bank digital currencies are becoming increasingly popular among nations exploring modern monetary policies. Proper regulatory frameworks protect everyday consumers while encouraging healthy innovation in financial sectors. The World Bank primarily focuses on providing loans and grants to developing countries for capital projects. The International Monetary Fund ensures the stability of the international monetary system rather than currencies. The World Trade Organization deals globally with the rules of trade between nations.
- Subject
- Current Affairs
- Category
- World Current Affairs
- Topic
- —
- Difficulty
- medium
Related questions
Q1. Which renowned Turkmen poet's 300th birth anniversary was commemorated during a 2024 cultural gathering in Ashgabat?
Show answer Hide answer
Answer: C. Magtymguly Faragi
Magtymguly Faragi remains the most celebrated classical poet in the literary history of Turkmenistan. Cultural festivities across Ashgabat explicitly honored the three-hundredth anniversary of his birth in 2024. His phil...
Q2. Where was the G-20 summit for the year 2022 scheduled to take place ___________?
Show answer Hide answer
Answer: B. Indonesia
Indonesia successfully served as the official host nation for the high-profile G20 summit held in 2022. The picturesque island of Bali welcomed international leaders and global delegations for the summit proceedings. Ind...
Q3. What traditional moniker was given to the initial full moon of 2021, which was observed across the globe _______?
Show answer Hide answer
Answer: B. Wolf Moon
Astronomical folklore and historical almanacs consistently designate the very first full moon of every January as this name. Global observers watching the night sky celebrated the appearance of this traditionally named l...
Q4. On what calendar date is World Pulses Day (WPD) officially observed each year?
Show answer Hide answer
Answer: D. February 10
World Pulses Day is officially designated on the tenth day of February every single calendar year. The United Nations established this specific annual observance to highlight the nutritional value of dried seeds. Global...
Q5. In what year was the Future Investment Initiative (FII) forum inaugurated by Saudi Arabia________?
Show answer Hide answer
Answer: C. 2017
Saudi Arabia officially inaugurated the Future Investment Initiative forum in the capital city during 2017. The inaugural economic conference launched in 2017 to showcase ambitious national modernization and diversificat...
Q6. Which country launched the operation of the planet's first electric-powered autonomous cargo vessel?
Show answer Hide answer
Answer: A. Norway
Norwegian maritime companies successfully developed and launched the innovative vessel known as the Yara Birkeland. This pioneering ship completely eliminates traditional fossil fuel emissions by utilizing an advanced el...