The G20 summit, to be held next week in Argentina, will include two discussions on the topic of cryptocurrency. Participants of the meeting intend to develop a "common response" to the issue of regulating digital assets. This is reported by CoinDesk.
The first meeting will be held on Monday. Among others, the Minister of Finance of Argentina, Nicola Duchovny, and the Secretary General of the Organization for Economic Cooperation and Development (OECD), Jose Angel Gurria, will attend. The second meeting will be held on Tuesday.
The agenda and the main issues of the discussions is not called. According to the information from the published document, they will be connected with the influence of the crypto currency and the possibilities for applying the underlying technology.
The issue is an important item on the meeting agenda; delegates will consider a common response that would mitigate the risks without discouraging innovation.
G20 Summit Public Document
The document also notes that the blockchain "has the potential to spread financial services." At the same time, its drafters stress "it is important to analyze its implications to financial stability, tax evasion and financial illegal activities."
The discussion on the issue of crypto-currencies at the G20 summit was previously called for by representatives of the United States, Germany, France and Japan.