Cryptocurrencies at the G20 Summit in Argentina


Country leaders seem to have finally come to a consensus that the innovative technology underlying crypto-assets “has the potential to improve efficiency and inclusiveness of the financial system and economy more broadly,” as emphasized at the G20 summit in Argentina in March 2018.
However, when it comes to regulation, the lack of consensus among global leaders made it impossible to enact broad legislation. Various European representatives pushed for legislation to restrict cryptocurrencies during the G20 summit, with no success.
European leaders recognizing that legislation will only be effective if pursued as a joint venture with other European countries.


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