IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks
“Finally, banks may lose deposits and have to curtail lending,” the report made available to the G-20 in February had warned. The International Monetary Fund…
Tag: G20
G20 Ministers Say Cryptocurrencies Are Not a Threat to Global Financial Stability
Central bank governors and finance ministers representing the G20 member countries convened for the international forum’s annual meeting held in Buenos Aires, Argentina on Sunday. Established in…
Bitcoin Price Breaks $9,000, Doesn’t Stay For Long
March 20: the Bitcoin (BTC) price broke the $9,000 mark today after a rough start to the year in which the price decreased by nearly 70 percent from the…
Don’t Read Too Much into the FSB’s Letter to the G20 on Bitcoin: Expert Take
Bitcoin’s big rally has been attributed time and again to the fact that the Financial Stability Board(FSB), a major international regulatory body, delivered a letter to the G20 finance ministers and central…
UK Financial Regulator Introduces Global Fintech Sandbox, ‘90%’ Success Rate Domestically
Britain’s Financial Conduct Authority (FCA) is launching a global fintech regulatory sandbox, after the successful progress of their 2016 release of a UK sandbox, that allows for innovative fintech development…
BTC, ETH Recover From Monthly Lows On Comments To G20 Members
The crypto markets are in the green again after hitting monthly lows this week, with Bitcoin (BTC) back over $8,000 by press time according to data from CoinMarketCap,…
Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies
The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing…
G20 To Focus On Crypto AML, ‘Too Stringent Regulations’ Not Good, Says Japanese Gov’t Official
Japan will call on the G20 member governments to concentrate on developing a common anti-money laundering (AML) strategy for cryptocurrencies during the annual summit in Buenos Aires on March 19-20, Reuters reports…
EU Official Floats New Rules for Crypto Assets
New rules around cryptocurrencies and blockchain-based assets could be developed in the months ahead, a European Union official said Monday. In remarks made after the event, European Commission…