At a press conference following the 3rd meeting of G20 Finance Ministers and Central Bank Governors at the weekend, the Argentine Finance Minister dropped a G20 crypto bombshell. Watch it here.
Regulation of cryptocurrencies has been in the spotlight at G20 2018. Crypto enthusiasts, investors, and traders had feared world leaders would introduce major new regulatory moves.
That now appears unlikely after the financial ‘movers and shakers’ of the 20 leading world economies indicated they’re not all that fussed about cryptocurrencies!
In a communiqué published following the meeting, concerns were raised surrounding cryptocurrencies being used for tax evasion, money laundering and the financing of terror, however the document states crypto-assets “can deliver significant benefits to the financial system and broader community.”
Read the full communiqué here.