G20: cryptocurrencies do not pose a threat to the world economy

Date:

2018-07-24 02:45:05

Views:

3850

Rating:

1Like 0Dislike

Share:

G20: cryptocurrencies do not pose a threat to the world economy Source:

In March, the summit of "Big twenty" (G20) for the first time the topic of cryptocurrencies and decided not to impose additional regulation of the coins. The final decision on this issue, the leaders promised to raise at the meeting in July.

During a conference in Buenos Aires, Ministers of Finance and heads of Central Banks of the countries participating in the G20 came to the conclusion that cryptocurrencies threaten the global financial system, however, must monitor their development and to control the situation in this area. About it writes .

the

controls cryptology

During the next meeting, the G20 decided on the need to continue the work in monitoring the potential risks of scriptactive and evaluation of possible measures to neutralize them.

Now Scriptactive not pose a risk to global financial stability, but we need to stay alert.

Officials also urged the Group of development of financial measures of struggle against money-laundering (FATF) in October to develop measures on struggle against economic crimes involving digital assets.

Technological innovations, including those that relate to scriptactive, can bring significant benefits to the financial system and the economy as a whole. However, the appeal of scriptaction raises questions related to the protection of consumers and investors, the integrity of the markets, tax evasion, money laundering and the financing of terrorism.

In a paper published after the meeting, it is noted that the cryptocurrency has no signs of money, so they can not be recognized as a means of payment.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

When Bitcoin will rise to 8 thousand? The answer of experts

When Bitcoin will rise to 8 thousand? The answer of experts

last week above 7 thousand dollars and continues to move up. Today, the coin was offered $ 7,700. Despite the statement by some analysts that growth in the value of Bitcoin was a short-term phenomenon and is associated with the ma...

Cats and turtles: how CryptoKitties helps the wild

Cats and turtles: how CryptoKitties helps the wild

the Creators of the biggest games on the blockchain CryptoKitties has partnered with several organizations for the protection of the marine environment to create a rare cat . This instance is intended to draw attention to the prob...

The Winklevoss brothers invested 100 thousand dollars to the campaign of the Governor of new York. The journalists hint at a bribe

The Winklevoss brothers invested 100 thousand dollars to the campaign of the Governor of new York. The journalists hint at a bribe

the First Bitcoin billionaire brothers Winklevoss at the end of last year stated that you do not sell your coins even if the course is the first cryptocurrency to soar to 380 thousand dollars. Today it seems that this first crypto...

Brothers Winkelvoss invested 100 thousand dollars to the campaign of the Governor of new York. The journalists hint at a bribe

Brothers Winkelvoss invested 100 thousand dollars to the campaign of the Governor of new York. The journalists hint at a bribe

the First Bitcoin billionaire brothers Winklevoss at the end of last year stated that you do not sell your coins even if the course is the first cryptocurrency to soar to 380 thousand dollars. Today it seems that this first crypto...

What to spend money cryptomelane? Example lucky from China

What to spend money cryptomelane? Example lucky from China

Former seller of beef from Shanxi province Guo Hongqi is one of the first buyers of cryptocurrency in China. Like many newly minted Chinese millionaires Hongki acquires a property abroad for the withdrawal of their capital from th...

Report CME: futures trading volume of Bitcoin has grown almost twice

Report CME: futures trading volume of Bitcoin has grown almost twice

the Average daily trading volume on futures Chicago Mercantile Exchange (CME) grew by 93 percent in the second quarter of 2018. The company also reported that the number of open contracts for Bitcoin has increased by almost half. ...

Innosilicon presented ETHMaster A10 — ASIC for mining Ethereum. Differences from the Antminer E3

Innosilicon presented ETHMaster A10 — ASIC for mining Ethereum. Differences from the Antminer E3

early In the week, the first batch of Bitmain Antminer E3. The model appeared on the videos, as users shared the first reviews. Good comments — the actual Hasrat was 205 MH/s instead of 180. Now E3 has a competitor, and in three v...

Due to what Ethereum will be able to overtake Bitcoin? Expert commentary

Due to what Ethereum will be able to overtake Bitcoin? Expert commentary

Heads of the largest companies in the cryptocurrency market were optimistic in relation to the Ether than to Bitcoin — the first by market capitalization crypto-currencies. Over the past year about the coin Vitalik Buterin enthusi...

You can't deny the math: as Congressman Sherman has become the enemy of cryptocommunist number one

You can't deny the math: as Congressman Sherman has become the enemy of cryptocommunist number one

In the beginning of the week the U.S. Congress passed public hearings of the draft law on the status of the cryptocurrency. Strongly opposed the approval of digital assets expressed by Congressman brad Sherman in his words, the co...

The developers of Ethereum proposed to reduce the reward per block for the third

The developers of Ethereum proposed to reduce the reward per block for the third

In April, the conference of the community of Ethereum Ethereum Core Devs Meeting #40, which solution to reduce the cost of nodes with 1500 up to 32 coins. According to the Ethereum co-founder Vitalik Buterin, such a step would enh...

CRYPTOMACH / Idle miner Claymore's, 20 thousand dollars for advertising a Scam, divorce Ethereum Emerald and detention of the traders in Kostroma

CRYPTOMACH / Idle miner Claymore's, 20 thousand dollars for advertising a Scam, divorce Ethereum Emerald and detention of the traders in Kostroma

Summing up the coolest of the week, where we were asked to "20 thousand dollars" is questionable Detention. There were other events. Hashcoins datacenter thrown users for money, Claymore''s stopped working, but the Bitcoin exchang...

Vietnam will ban the import of ASIC miners. What is the reason?

Vietnam will ban the import of ASIC miners. What is the reason?

any news from Vietnam, and they are not about how successful miners and traders spend a vacation. Viet Nam prohibits the importation of equipment for mining on the territory of the country. No more ASIC miners, the government and ...

Coinbase will allow institutional investors to short sell crypto currencies

Coinbase will allow institutional investors to short sell crypto currencies

In March, scientists at the University of Aachen in the code, the largest U.S. crypto currency exchange Coinbase a security vulnerability that allowed users to transfer your balance to an unlimited number of tokens, Ethereum Now l...

Burning money: the growth of Bitcoin has led to the loss short positions at $ 180 million

Burning money: the growth of Bitcoin has led to the loss short positions at $ 180 million

Sunday for Bitcoin offer 7400 dollars. While signs of imminent collapse first cryptocurrency after its recent growth, like as not. At the same time from the high prices of digital assets to win not all — the growth of prices of co...

Price Tron dropped to a new level. Is it worth to buy?

Price Tron dropped to a new level. Is it worth to buy?

the Current price of Tron could be a good opportunity to buy alithina. Over the past two days, the coin dropped to 8 percent to the price level 0,035$. According to information analysts point to good technical and fundamental stre...

For the first time the police were able to confiscate bitcoins from a drug dealer and leave a part of yourself

For the first time the police were able to confiscate bitcoins from a drug dealer and leave a part of yourself

the Surrey Police became the first law enforcement Agency, who managed the cryptocurrency from a drug dealer. As usual, not without its amazing history. It is of interest that some of the money the police will keep it. the Citizen...

The virus

The virus "Saw" steal cryptocurrency via substitution cryptocell. How not to lose coins?

For information , cryptocommunist should be wary of a new type of malware. Hackers have revived extortionate Jigsaw virus that steals cryptocurrency users «simple but effective way». How not to lose your bitcoins for the...

Happened: Samsung smartphones can be bought with cryptocurrency

Happened: Samsung smartphones can be bought with cryptocurrency

Today you can buy a smartphone South Korean company Samsung and pay for it with cryptocurrency. About this on his page in announced partner smartphone manufacturer CopPay, which provides processing services. the Where to pay with ...

When Bitcoin will replace gold and jump to the skies? Expert opinion

When Bitcoin will replace gold and jump to the skies? Expert opinion

Head of investment VanEck Gabor Gorbach believes that the following bullrun of the stock market can cause investors in precious metals. In his opinion, the appeal of «digital gold» will give an impetus to the arrival of ...

Ripple is a cryptocurrency, or is it hype? The analyst

Ripple is a cryptocurrency, or is it hype? The analyst

the Controversy surrounding the recognition of Ripple securities do not cease to kriptonyte to this day. On the eve of oil poured into the fire, one analyst, who did not recognized the ripple cryptocurrency. While the SEC still ma...