The stark message from Nigel Green, CEO of the financial advisory firm deVere Group, comes as many of the world's business, financial, economic, political, media, academic and civic leaders head to the Swiss mountain resort for the annual four-day conference. The event is returning to its traditional timeslot and destination after two years of pandemic-triggered disruption.
This return coincides with Bitcoin, the world’s biggest cryptocurrency by market capitalisation, recording a resurgent 28 per cent jump in value since the beginning of January.
Green said: “The leaders assembled in Davos at the WEF must next week return home to their governments who then need to insist that their financial regulators must stop ‘talking the talk’ and begin to up the ante on regulating the cryptocurrency market.
“The time for endless platitudes on greater regulatory scrutiny is over. Action is required. Should those in attendance at the WEF not advance the agenda...