France, Germany To Jointly Propose Regulation For Bitcoin At G20 Summit

0
347
San Diego, California, Nov 16th 2015: The bit coin was invented by Satoshi Nakamoto in 2008 as a digital form of money but no one truly knows who Satoshi Nakamoto is. Transactions are done through peer to peer networks without the need of a bank making it the first decentralized digital currency. This is a close up photo of several gold plated bitcoins together symbolizing the bit coin market, modern technology, finance, internet, trading, etc.

Enterprise Television- France, Germany To Jointly Propose Regulation For Bitcoin At G20 Summit

France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March, French Finance Minister Bruno Le Maire said on Thursday.

“We will have a joint Franco-German analysis of the risks linked to bitcoin, regulation proposals and these will be submitted as a joint proposal to our G20 counterparts at the G20 summit in Argentina in March,” Le Maire told reporters.

The world’s biggest and best-known cryptocurrency has fallen to half its record peak of almost $20,000 in recent days on fears that regulators could seek to curb speculation.

“We have a responsibility towards our citizens to explain and reduce the risks,” Le Maire’s German counterpart Peter Altmaier said at the joint news conference in Paris.

-PARIS (Reuters)