G20 Nations Should Discuss Bitcoin Regulation: France’s Finance Minister
There is planned to push a discussion on bitcoin regulation at a G-20 summit in 2018 by France’s prime minister.
According to Reuters, Finance Minister Bruno Le Maire said in an interview on Sunday about asking Argentina to put bitcoin on discussion during an upcoming gathering in April.
Le Maire was quoted as saying:
“I am going to propose to the next G20 president, Argentina, that at the G20 summit in April we have a discussion all together on the question of bitcoin. There is evidently a risk of speculation. We need to consider and examine this and see how … with all the other G20 members we can regulate bitcoin.”
The end of that conversatiom remains to be seen. Previously the representatives have discussed the topic through the Financial Stability Board. It has been studying since 2016.
The Finance Minister’s purpose is to set France on leading position due to the regulation around the tech.
Earlier this month new rules were given by French government, which allow unregistered securities to be traded on blockchain.
Earlier this year the country’s financial regulators also launched an initial coin offering (ICO) initiatives, UNICORN project. The projects effectively lays the groundwork for token sales to take place under the sponsorship of AMF.