The G20 summit in Buenos Aires last week was attended by many more people than usual. The thing is that this time the key issue at the meeting of representatives of banks and finance ministers was the issue of regulation of cryptocurrencies.
At the summit, it was decided to develop a set of proposals for cryptocurrency regulation by July of this year, but the head of the French Ministry of Finance, Bruno Le Maire, said that France will begin to develop regulatory standards earlier.
Although Bruno Le Maire agrees that cryptocurrencies can be operated for illegal purposes, he said: “France stands for distributed ledger technology and believes that digital currencies can be extremely interesting for everyone, but it is necessary to establish clear rules that will regulate them.”
That is why the chairman of the French Ministry of Finance noted that France will begin to develop regulations for cryptocurrencies earlier than others to help Europe become a leader in the global digital economy.
The official also believes that all problems with the illegal use of digital currencies will be resolved as soon as they begin to be regulated. Moreover, Bruno Le Maire believes that Central Banks will issue their own cryptocurrencies in the future, reports Criptomoedas Fácil in his report.
In early January of this year, a task force was also created in France, led by the former head of the Central Bank, Jean-Pierre Landau. The department studies all issues about cryptocurrencies and develops regulations for their regulation.
You May Also Like
What are bitcoin ETFs and why are they controversial?
A month ago, the US Securities and Exchange Commission (SEC) postponed its decision on the bitcoin ETF, and in a few days it will again decide the fate of derivatives. In this article, we will briefly explain what an ETF is, what types of bitcoin ETFs there are, what the problem with granting permission for a bitcoin ETF is, and which bitcoin ETFs are most likely to be allowed first.
Do you want to go to New Zealand? Get ready for a digital search
What seemed absurd and impossible in Orwell’s utopias is now being realized in the modern world. At least, the vector of development of society is set in this direction. The state introduces total control in all spheres of life. A facial recognition system not only at airports, but also in Chinese schools, microchipping of employees, a genetic database of citizens on the blockchain, all these are the realities of today.
