Posts in category

G20


The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to tackle money laundering, is planning to develop binding rules for the world’s cryptocurrency exchanges, a report indicates. According to a Reuters report on Tuesday, an unnamed Japanese government official said that the group aims to hold talks around the subject starting on June 24. …

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Marc Hochstein is the managing editor of CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Let’s form a committee to explore the formation of an exploratory committee!” OK, that’s not quite a fair summation of the recommendations on cryptocurrency that came out of the G20 meeting …

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Late last year, when interest in Bitcoin and its price was at its peak, France’s finance minister suggested that there be a public debate of Bitcoin at the G20 summit which concluded this week. The conclusion of this meeting, in regards to where the nations now stand on cryptocurrencies, is that a firm July deadline …

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March 20: the Bitcoin (BTC) price broke the $9,000 mark today after a rough start to the year in which the price decreased by nearly 70 percent from the December high of $20,000. Following the December high the BTC price has moved downward in fits and starts. On January 17, BTC price was down to …

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The world’s economic leaders have set a July deadline for the first step toward unified regulation of cryptocurrency. Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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After hitting monthly lows on March 18, and seeing a significant rebound on March 19, cryptocurrency markets have slowed down rapid growth and continue fluctuating around yesterday’s levels. Bitcoin (BTC) saw an increase of 4.04 percent over a 24 hour period, trading at $8,849 at press time, according to Coinmarketcap. Ethereum (ETH), which dropped by …

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A draft of a G20 document — acquired by Bloomberg — reads that cryptocurrencies “lack the traits of sovereign currencies,” implying that the G20 considers crypto to be an asset rather than a currency, Bloomberg writes today, March 20. The issue of how to define cryptocurrencies is expected to be discussed this afternoon, according to …

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The crypto markets are in the green again after hitting monthly lows this week, with Bitcoin (BTC) back over $8,000 by press time according to data from CoinMarketCap, following the Bank of England’s positive comments to G20 members that crypto poses “no risk” to the stability of the global economy. Image source: https://coin360.io/ Reuters wrote …

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Bank of England governor and head of the Financial Stability Board (FSB) Mark Carney told G20 members that cryptoassets “do not pose risks” to the world’s economy in a letter dated March 13, Reuters reported Sunday, March 18. The letter was addressed to G20 Finance Ministers and Central Bank Governors, who will gather for the …

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An international group of central bank regulators and government ministers said Sunday that cryptocurrencies don’t pose a risk to global financial stability, comments that come on the eve of talks on the subject by the G-20. In a letter published on March 18, Financial Stability Board chairman Mark Carney, who also leads the Bank of England, …

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The G20 is set to hold two separate discussions on cryptocurrencies next week in an effort to seek what representatives call a “common response” on regulation. A media representative for next week’s summit, to be hosted by Argentina, which currently holds the G20 presidency said that the first meeting will take place Monday. The talks …

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Japan is reportedly planning to use a G20 meeting next week to call for combined regulatory efforts to combat the use of cryptocurrencies in money laundering. The news comes via a Reuters report citing a government official with knowledge of the situation. However, the likelihood of the G20 finance chiefs uniting on new international rules …

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A major US government security figure recently stated that regulation of cryptocurrencies by Washington is not “close,” CNBC reports Feb. 16. In comments which echo those from various US regulatory circles this year, special assistant to the president and White House cybersecurity coordinator Rob Joyce told the Munich Security Conference Friday that plans were still …

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Senior officials from France and Germany are calling for the G20 group of nations to discuss cooperative action on cryptocurrencies ahead of a summit next month. In a letter addressed to the Argentinian government – which currently holds the presidency of the G20 – French finance minister Bruno Le Maire, German finance minister Peter Altmaier, …

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U.S. Treasury Secretary Steven Mnuchin has indicated he is planning to raise the subject of cryptocurrency regulation during an upcoming G20 summit to be held in Argentina in March. Speaking at the Senate Banking Committee on Tuesday, Mnuchin said that he does not believe cryptocurrencies are “a threat” to the financial market stability, though he is …

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In a statement Tuesday, Japanese Finance Minister Taro Aso claimed that the leading cryptocurrency Bitcoin has yet to prove itself as a “credible currency”. He also added that virtual currencies in general are not widely used in Japan. His statement was in response to questions about his position on French Finance Minister Bruno Le Maire’s …

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France’s finance minister is planning to push for a discussion on bitcoin regulation at a G-20 summit in 2018. Citing French news network LCI, Reuters reported yesterday that Finance Minister Bruno Le Maire said in an interview that he will ask Argentina, which is set to take control of the G2o presidency, to put bitcoin …

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France’s finance minister has called for a public debate on Bitcoin at next year’s G20 Summit in Buenos Aires. Speaking on French news channel LCI and quoted by Reuters, Le Maire said that the Bitcoin “question” should form a topic for the international government forum, specifically with regard to regulation: “I am going to propose …

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