During the World Economic Forum in Davos Benoit Coeure, who represented the European Central Bank (ECB), commented that it “expects” cryptocurrency regulation to be actively discussed at the G20 Summit in Buenos Aires in March 2018.
“The international community is… preparing an answer to that and I would expect, for instance, the G20 discussion in Buenos Aires in March to focus very much on these issues,” Coeure said quoted by Reuters.
All world politicians are interested in the topic of the cryptocurrency and its future. However, there is still no single position towards cryptocurrencies, mining operations and ICOs. British prime minister Theresa May and US Treasury secretary steven Mnuchin both expressed the need to consolidate standpoints.
“They can be called an asset, fine, but they are not a very good version of money because it’s not a very stable store of value where they fluctuate a lot,” she continued adopting a frequent narrative on Bitcoin’s use. “And it’s not a very efficient medium of exchange because you don’t buy your groceries with bitcoin.”