Cryptocurrencies regulations? Yes, but not for the moment

18.01.2018 / 20:52

Germany and France want regulations over BTC

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Germany and France will jointly push for global Bitcoin regulation during the next ‎summit of the G20 in Argentina amid mounting alarm that the world’s most popular ‎cryptocurrency is being used by illegal groups.

Germany’s finance minister Peter Altmaier said at the joint news ‎conference in Paris that he supports a proposal by Le Maire to ask their counterparts in the G20 group of major economies ‎to consider joint regulation of bitcoin. ‎

He said: “We have a responsibility towards our citizens to explain and ‎reduce the risks.”‎

The concerns over cryptocurrency’s mining, trading and usage to transfer money are already shared by several ‎governments‏ ‏across the globe, so it makes sense to discuss the ‎speculative risks of such digital assets and their impact on the ‎financial system at international level.‎

European Union has previously proposed to bring providers of ‎financial service related to cryptocurrencies under the scope of its anti-money ‎laundering and countering terrorist financing regulations.‎

Source: Finance Magnates

Trader Bozhidar Arabadzhiev

Original post: Germany and France To Push For Global Cryptocurrency Regulation at ‎G20 Summit

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Cryptocurrencies regulations? Yes, but not for the moment

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