Bitcoin Forum

G20 Summit Conference took place on March 19-20, 2018 in Buenos Aires, Argentina. The regulation of cryptocurrency was among the main topics debated by the multilateral group. The main message was: They will not ban, but regulate the market. What do you think of this event?

In general, as far as I know, the crypto currency was not included in the agenda of this summit. About the crypto currency, they only mentioned there that in order to discuss the crypto currency, you need to know well what it is and in this connection decided that for the next summit in July it is necessary to prepare more detailed information on this issue. However, members of the G-20 spoke in favor of the recognition of the Crypto-currency as a financial asset. This is very good news because this already indicates the possibility of recognizing the crypto currency and its subsequent broad introduction in these countries.

The very fact that crypto-currencies have become a topic for conversation, at such a high level, is already a small victory. The market of crypto currency has grown so much that it can not be ignored, it is also a victory.

What happened at the G20 summit as regards cryptocurrency was a brush over.  I meeting was not prepared for cryptocurrency, which means it was not part of the agenda, but some brush over were done as regards cryptocurrency and it is true they said all that you stated and to that effect, a committee has been setup to make some findings as regards cryptocurrency against the next summit.

What they said was something like that: Crypto is out of our control, but it is not big enough to be any danger for us. We will deal with this later.