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Germany and France: G20 initiative to regulate crypto

articles have:

Germany and France have called in a joint letter to the Argentine presidency of the G20, the topic Regulation by Kryptowährungen to put on the agenda of the upcoming summit. There are international approaches to wrapping are how to want to deal in the future with the crypto-trade.

Already in January we reported from a meeting of the currently managing Finance Minister Peter with his French counterpart, Bruno LeMaire. At the meeting, it was agreed to find a common position in the handling of Kryptowährungen. The most common concerns should be made at the G20 Summit held in March in Argentina.

This is exactly what is now already done in writing. As the Reuters news agency with reference to a her this letter reported to have Germany and France submitted a joint letter to the G20 Presidency in Argentina, where this topic is explicitly addressed. In addition to the two Ministers of finance Peter Altmaier and Bruno Le Maire, the two Governors Jens Weidmann and Francois Villeroy de Galhau were involved in drafting.

Finance Ministers and central bankers suggest to hire international expert bodies – such as the relevant FSB financial stability issues – with a report. Also, it must be considered to harness the International Monetary Fund. This could analyse the impact and risks of cyber currency on capital flows and financial stability.

As on Wednesday final negotiated of the future German Government coalition agreement emerges from the, the topics of Blockchain and Kryptowährungen in the consciousness of the German policy have arrived. There the explicit desire expressed to develop a comprehensive Blockchain strategy and engage in an appropriate legal framework for trade in Kryptowährungen and token at European and international level. In the face of Franco German cooperation stressed in the chapter on the European Union, this joint initiative so fits in the strategy of the Federal Government.


about Tobias Schmidt

 Tobias Schmidt is Tobias Schmidt since August 2017 as editor in the BTC ECHO working team. His studies in the subject of politics and Economics at the University of Münster signed with a Bachelor’s degree and was also active during his studies at the Department as a student assistant. In addition, he gained professional experience in parliamentary work and in strategic communication, before joining in the journalistic trade. Since 2017 he deals with the Blockchain technology, whereby it focuses in particular on the many different application possibilities in politics, economy and society.

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