The head of a financial company deVere Group Nigel green (Nigel Green) believes that the countries Big twenty have to accept common rules of regulation of the cryptocurrency market.
The statement precedes the G20 summit in Argentina, which takes place from 19 to 20 March. According to media reports, officials of financial agencies of all countries will discuss digital assets.
“Representatives of the G20 should use the summit to develop agreement on the same set of regulatory measures against cryptocurrency. By doing this, they give their countries a chance to stand on the right side of history. I would recommend the authorities to carefully study the approach to FINTECH, which took in Japan, which was among the first to developed the legal basis was trading at cryptocurrency exchanges,” said green.
He added: “What really is needed is a global consensus on the strict rules for this growing industry.”
Recall that Japan proposed to colleagues at the G20 to consider a specific issue in the field of cryptocurrency. In particular, the representatives of the countries proposed to develop a collective set of measures to counter money laundering through crypto-currencies.