G20 to Regulate Bitcoin

The first meeting of G20 will take place at Argentina in April
18 December 2017   872

French Finance Minister Bruno Le Maire announced on Sunday that the next G20 meeting would include discussion about how to regulate bitcoin.

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 G20 can regulate bitcoin.

 

Bruno Le Maire
French Finance Minister

The first scheduled calendar meetings at the Argentina G20 in April are of its Development Working Group in Buenos Aires, April 10th, 2018. Priorities of upcoming meeting have been already announced, including "the future of work and what this means for education, infrastructure for development, and a sustainable food future".

Recently, we have reported that the chairman of French market regulator called bitcoin a "dangerous illusion" and a tool for criminals.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   133

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission