The G20 leaders will propose measures for international regulation of the cryptocurrency

In early March, Russian Deputy Finance Minister Sergey Storchak confirmed the readiness to discuss cryptocurrencies at the summit of “Big twenty”. The topic for discussion among Ministers will make for the first time. Representatives of countries concerned about the prospects for the development of the crypt. This is evidenced by the draft final Declaration, which should be adopted at a meeting of financial Directors.

Regulation of cryptocurrency in the world will increase

The document lists the positive and negative aspects of cryptocurrencies, reports TASS. For example, technological innovation is at the core of the coins consider the opportunity to noticeably enhance the efficiency of the financial system.

However, cryptocurrencies are creating problems related to the protection of consumers and investors, tax evasion, money laundering and the financing of terrorism.

In this regard, I want to strengthen the control of the cryptocurrency. The goal, of course, good. So residents will not lose their investment.

We agree that the international bodies setting the standards, should strengthen the supervision over the cryptocurrency assets, the risks they represent and to study the need for possible joint action.

Why not just warn citizens about the risks is unknown. Perhaps Ministers simply have free time for work and inventing new regulations.

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