Davos: ECB’s Benoît Cœuré Looks To G20 For Cryptocurrency Regulations

- Advertisement -

January 27, 2018 12:18 AM

The French economist & European Central Bank board member, at the World Economic Forum in Davos, believes that the appropriate time to discuss cryptocurrency regulation is in March at the G20 summit.

In Davos, a great deal of focus concerning world economics has been pointed at blockchain, and more specifically, cryptocurrencies.

Speaking to an audience at a panel January 26, 2018, European Central Bank (ECB) board member Benoît Cœuré forecast that the subject of cryptocurrencies will be among regulatory goals addressed at the upcoming G20 summit in March.

“The international community is … preparing an answer to that, and I would expect … the G20 discussion in Buenos Aires in March to focus very much on these issues,” said Cœuré.

Earlier this week the ECB had sought answers about cryptocurrency and blockchain technology from age groups 16-35, public comments which bank president Mario Draghi is slated to address in a video session this February 12.

- Advertisement -

It is likely that the impressions gathered from the meetings in Davos, as well as those attributable to public sentiment, will guide world leaders in endeavors to create regulatory guidelines that provide protection – while simultaneously tapping the unreached potential of cryptocurrencies and blockchain technology.

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

Like what you read? Follow us on X @Bitnewsbot to receive the latest Benoît Cœuré, cryptocurrency or other Ethereum business and finance news.

- Advertisement -



Previous Articles:

- Advertisement -

Latest

TON Blockchain Hit by Outage, Block Production Halts Temporarily

The Open Network (TON) blockchain experienced a temporary outage on June 1, stopping block production for about 40 minutes.The issue was fixed quickly by...

Pi, IMX, ZBCN in Focus as Key Token Unlocks Threaten More Losses

The crypto market experienced a sharp drop as Bitcoin fell from $111,900 to below $104,000, resulting in widespread altcoin declines.Investors are closely watching key...

Crypto’s “Inverse Cramer”: Trader Gains Millions Opposing James Wynn

A trader known as James Wynn became notable for a $1 billion Bitcoin short position on the Hyperliquid platform.Other crypto traders have started to...

Bitcoin Drops 10% From Highs Amid Quantum Computing Warnings

Bitcoin dropped nearly 10% from its record high, falling close to $103,000 after reaching $112,000 last week. BlackRock warned that advances in quantum computing could...

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Pavel Blazek resigned after controversy over accepting and selling Bitcoin from a convicted criminal.The Justice Ministry auctioned nearly 500 Bitcoin, raising...

Must Read

5 Best Hacking eBooks for Beginners

In this article we present the 5 Best Hacking eBooks for beginners as ranked by our editorial teamWelcome to the world of hacking, where...