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In the G20 they talked about the danger of cryptocurrency

There are no threats, but the risks are apparent.

21.Mar.18 12:00 AM
By Abigail Richards


In the G20 they talked about the danger of cryptocurrency

The Central Bank of Russia was told about the fears in the G20 because of the cryptocurrency. So, according to the heads of financial departments of the G20 countries, crypto-currencies do not yet threaten the stability of the global financial system, but, despite this, they bear obvious risks. This writes 

In a statement by the Deputy Chairman of the Bank of Russia Ksenia Yudaeva, it was noted that all participants in the discussion at the meeting in Buenos Aires acknowledged that digital money carries significant risks, primarily in the area of ​​consumer and investor protection, tax evasion and money laundering. 

According to Yudayeva, in this regard, all participants called for continued monitoring of the situation, and representatives of many countries supported the need to support the development of general regulatory principles to avoid regulatory arbitration. 

At the same time, it was said that the participants agreed that digital money is not a currency, nor do they carry the standard functions of coins. 

It is worth noting that the G20 summit influenced the courses of the first cryptocurrency. In particular, we are talking about the growth rate of all significant cryptocurrencies. According to the graph of the dynamics of the change in the exchange rate of Bitcoin (BTC) to the US dollar for one bitcoin offer 9087 dollars.

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