​​What are the market expectations after the G20?

​​What are the market expectations after the G20?


The meeting of the G20 leaders will be held on March 19-20 in Buenos Aires, Argentina. The cryptocurrency market is waiting for this event with impatience, since the regulation of the cryptocurrency should become one of the topics for discussion of representatives of the world’s largest economies.

The financial regulators of Germany, France and Japan have already expressed their desire to discuss cryptocurrencies. All countries recognize the potential problems of cryptocurrencies related to the protection of consumers and investors, tax evasion, money laundering and the financing of terrorism. However, the views on regulation of the industry are different for all.

China opposes crypto-market. South Korea and Japan are trying to find new ways to regulate the young industry. The US uses the current legislation for this, which is not always successful. Even within the European Union there is no consensus on this issue: while Germany recognizes bitcoin as a mean of payment, in Britain they say about the need to stop this “anarchy”.

G20 countries are unlikely to come to a single common opinion. But this meeting will not pass without a trace for cryptocurrency market. Yesterday’s statement by the head of the IMF, Christine Lagarde, which provoked the drop in the market, clearly shows this.

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