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German, French FinMins & CB Chiefs Seek G20 Action On Cryptocurrencies

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by , 02-11-2018 at 01:24 AM (844 Views)
      
   
The first meeting of the G20's Digital Economy Task Force is being held in Buenos Aires on February 8 and 9.

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German and French finance ministers and central bank governors have sought joint action by the G20 group of advanced and developing countries to tackle the risks posed by cryptocurrencies, reports said Friday. In a letter to the finance minister of Argentina, which holds the G20 presidency now, they have asked the matter to be placed as the top agenda for the upcoming meeting in March.

They have sought an international report on the impact of cryptocurrencies, an International Monetary Fund report on the financial stability risks they pose and trans-boundary efforts to regulate them.

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