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G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

Published 06/09/2019, 12:44 PM
Updated 06/09/2019, 01:23 PM
G20 Finance Leaders Ask Global Regulators to Consider Multilateral Response to Crypto

G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.

The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:

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They should do it. In fact they should come up with a more friendly and unified criteria over cryptocurrency and blockchain at large. No more banning nor licensing procedures, please! Blockchain has not been meant only to replace bonds and shares like the federal agencies infer from their claims. Blockchain is a technological implementation that provides further choices on money holding. So intellectual capital finds itself a shelter where to grow, just the way as Real Estate does. With the launch of MintMe for crowdfunding innovative approach, creators of any kind will take advantage and make their own token for trade.
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