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France will offer G-20 nations to discuss the regulation of Bitcoin

The French minister of finance is planning to hold a discussion on regulation of Bitcoin at a G-20 summit in 2018.

18.Dec.17 1:02 PM
By Daria Zaytseva


France will offer G-20 nations to discuss the regulation of Bitcoin

Yesterday it became known that Finance Minister Bruno Le Meir said in an interview on Sunday that he will ask Argentina, which intends to take control of the G-20 presidency, to place bitcoin on the agenda at the upcoming meeting in April.

How that conversation will play out remains to be seen. Representatives of G-20 nations previously discussed this topic through the Financial Stability Board (FSB), which has been studying this technology since 2016.

Indeed, Le Maire would like to move forward in this direction, perhaps not surprising, given France's proactive position on regulation around the technology.

For example, earlier this month the French government approved new rules that will allow the trading of unregistered securities on a blockchain.

Financial regulators in France also launched an initial coin offering (ICO) initiative earlier this year, called Project UNICORN, which in fact lays the groundwork for selling tokens under the sponsorship of Autorité des marchés financiers.

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