The Finance Ministers of France and Germany called for discussion of cryptocurrencies in the framework of the “big twenty”

The Finance Ministers of France and Germany called for discussion of cryptocurrencies in the framework of the “big twenty”

The Ministers of France and Germany called on the group of countries of “big twenty” to discuss joint actions against cryptocurrencies ahead of the summit, to be held next month.

According to Reuters, in a letter addressed to the Argentine government, which currently heads the G20 – French Finance Minister Bruno Le Meir, Minister of Finance of Germany Peter Altmaier, and also heads of the Central banks of these countries expressed concern about the impact that may have on cryptocurrencies investors as well as the associated risks.

Despite the fact that in the letter the Ministers are called to “take appropriate measures” no specific regulation.

We believe that there may be new opportunities associated with the tokens and the technologies behind them. However, the tokens can represent significant risks for investors and may be vulnerable to financial fraud and crimes, if not to take appropriate measures. These risks could eventually threaten financial stability.

Writing a letter took several months. In December 2017, Le Meir announced her intention to appeal to the government of Argentina, and earlier this month, the US Treasury Secretary Steven Mnuchin said in an address to Congress that he, too, supports this step.

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