France, Germany Call For Joint G20 Action on Cryptocurrencies

Business » FINANCE | February 9, 2018, Friday // 13:21| Views: | Comments: 0
  • Send to Kindle
Bulgaria: France, Germany Call For Joint G20 Action on Cryptocurrencies Източник: pixabay

The finance ministers and central bank governors of France and Germany called for the policy and monetary implications of crypto-currencies to be placed on the agenda of the upcoming G20 meeting of the largest advanced and developing economies.

In a letter to the finance minister of Argentina, current holder of the G20 presidency, the officials called for an international report on the implications of cryptocurrencies, an International Monetary Fund report on their financial stability implications and for work towards “trans-boundary” action to regulate them.

“We believe there may be new opportunities arising from the tokens and the technologies behind them,” wrote French Finance Minister Bruno Le Maire, his German counterpart Peter Altmaier, French central bank governor Francois Villeroy de Galhau and his German colleague Jens Weidmann.

“However, tokens could pose substantial risks for investors and can be vulnerable to financial crime without appropriate measures. In the longer run, potential risks in the field of financial stability may emerge as well,” they added.

Finance » Be a reporter: Write and send your article
Tags: France, G20, summit, cryptocurrencies, bitcoin
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria