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Thursday, 15 March 2018

Cryptocurrencies Go To Meet The G-20


The G20 is set to hold 2 different discussions on cryptocurrencies next week in an effort to get what representatives refer to as a 'common response' towards cryptocurrencies.

Summary:


  • A media representative for the summit says that it will be hosted in Argentina as Argentina currently holds the G20 Presidency
  • The talks will feature Argentina Treasury Minister Nicolás Dujovne and Organisation for Economic Co-operation and Development (OECD) Secretary-General José Angel Gurría, among other stakeholders.
  • The representative also revealed that there will be a 2nd discussion after the first.
  • The agendas of the discussions have not been released yet, but there are indications that it will center on cryptocurrencies and their implications and potential application of its potential technology.
  • A public document from which the assertions are derived, says that there will discussions on how to get a common approach that will mitigate risks and not discourage innovation while doing that.
  • There are indications that discussions will center round Blockchain and it's potential to promote financial inclusion.
  • They might also examine the blockchain's effect in relation with financial stability, tax evasion and financial illegal activities.
What else do you think the G20 summit attendants will discuss in relation to digital currrencies?


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