Russia and the United States, despite the differences, will look for a common denominator for new technologies.
The rise in the price of Bitcoin , which since the end of last week has been holding confidently above $ 5,000, has drawn attention to the common fate of all cryptocurrencies – what is waiting for them in terms of regulation?
According to Japanese media, at the level of Sherpas (assistants), preparing for high-ranking representatives of the G20 countries to meet them in June, a study began on how to develop common approaches for administering the digital assets industry.
The G20 meeting, scheduled for June 8-9, will be held at the level of heads of finance ministers and central bankers of this informal association of states, and representatives of Russia and the United States will also take part in it. This format of interaction will be very important, given that Russia is excluded from the G8, which has become the G7.
For consideration of all participants of the meeting, which will be held in the Japanese city of Fukuoka, a document will be submitted, which is indicated in the media of the country of the Rising Sun as the “Proposal for a new international regulation of virtual currencies”. If it is approved by the participants, this will be a significant step towards “creating global clarity with regard to cryptocurrency”. Meanwhile, this issue will also be firmly tied to the discussion of new measures aimed at combating the laundering of criminally acquired funds, as well as countering the financial flows associated with the financing of criminal activities.
The Japanese media especially emphasizes that the move towards cryptocurrencies, that is, towards the decentralization of the global financial sector after similar processes were successfully implemented with the introduction of Internet technology, can lead to the fact that economic sanctions can no longer be considered legitimate in the eyes of the global political elite .
This will happen, as these measures are out of the common desire of countries to find tools aimed at applying modern technologies to solve problems facing humanity as a whole.
Recall that earlier the European Union, led by the FATF, said it would set the rules for cryptocurrency and ICO by June 2019.
Publication date 09/04/2019
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