G20 set July for first step towards crypto-currency regulation

The world's economic leaders set the July deadline for the first step towards crypto-currency regulation at the G20 meeting.

The ministers of finance in Buenos Aires and the heads of central banks were in the G20 meeting. Central Bank President Frederico Sturzenegger suggested that the member states bring together questions about the monetary union. Sturzenegger walked off, stating that July was set by the deadline for proposals in Member States "July room," what do we organize? "We have to offer a concrete and very specific offer, not a form."

In the meantime, there is regulation of his country's crypto money. Brazilian Central Bank President Ilan Goldfajn said that the crypto money would not be arranged in the country.

Central banks and government officials, criminal money crime, investor and world economy. In France and Germany, financial authorities have indicated that in a common letter, cryptographic money may create high-level risks for investors. On behalf of the US Treasury, Steven Mnuchin and a Japanese government official voiced concern over their use in illegal activities. Chairman of the Board of Directors of the G20 Financial Stability explained the report titled "Crypto Ways" and "Risk Management" of the Chairman of the Chairman of the Board of Directors.

The officials at the summit can organize a piece, something that can apply it.

On the other hand, Deputy Prime Minister Mehmet Simsek in this meeting said in a statement about Twitter account, "The message is very clear: It has block chaining technology.

The second meeting is expected to take place tomorrow at the G20 Presidency office