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France Wants G20 Nations to Discuss Bitcoin Regulation - CoinDesk

France Wants G20 Nations to Discuss Bitcoin Regulation – CoinDesk

France’s finance minister is planning to push for a dialogue on bitcoin regulation at a G-20 summit in 2018.

Citing French data group LCI, Reuters reported yesterday that Finance Minister Bruno Le Maire said in an interview that he’ll ask Argentina, which is prepared to take administration of the G2o presidency, to put bitcoin on the agenda all through an upcoming gathering in April.

Le Maire was quoted as saying:

“I am going to recommend to the next G20 president, Argentina, that on the G20 summit in April we have a dialogue all collectively on the question of bitcoin. There is evidently a menace of speculation. We need to ponder and take a look at this and see how … with all the other G20 members we’ll regulate bitcoin.”

How that dialog will play out stays to be seen. Representatives from G-20 nations have beforehand talked about the topic via the Financial Stability Board (FSB), which has been studying the tech since 2016.

Indeed, that Le Maire would wish to push on this path is perhaps not gorgeous, given France’s proactive stance on regulation throughout the tech.

For occasion, earlier this month the French authorities gave its approval to new pointers which will allow unregistered securities to be traded on a blockchain.

Financial regulators in France moreover launched an preliminary coin offering (ICO) initiative, dubbed Project UNICORN, that efficiently lays the groundwork for token product sales to occur beneath the auspices of the Autorité des marchés financiers (AMF).

Image Credit: Frederic Legrand – COMEO / Shutterstock.com

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