Cryptocurrency Market Discussion to Be Held within the Framework of the G20 Summit

Representatives of the governments of Germany and France urge the G20 leaders to pay attention to the issue of regulating the digital currencies market. The next G-20 summit will be held in Argentina next month.

The media reported that the Head of the Financial Administration of Argentina, Mr. Louis Caputo, has received a letter from his colleagues from Germany and France. In a letter, Peter Altmaier and Bruno Le Maire offer a topic for future discussion. This initiative was also supported by the leadership of the Central Banks of both European countries.

The heads of financial departments emphasized in their reports that in the near future, cryptocurrencies can be a stimulus for new discoveries and opportunities in the financial market. However, as a phenomenon, they bear a certain risk to which investors are exposed. In addition, there are risks of financial crimes and fraudulent transactions using cryptocurrency. To protect the market, the governments of the leading world countries should take appropriate measures.

During the summit it is proposed to discuss possible risks and find ways to minimize them. It should be noted that the heads of financial departments and central banks of the G20 countries will hold meetings on March 19-20.

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