G20 classifies cryptocurrencies as an asset - Bloomberg

G20 classifies cryptocurrencies as an asset – Bloomberg


The draft version of the document from the G20 summit, which was placed at the disposal of Bloomberg, says that the cryptocurrencies are deprived of “characteristics of sovereign currencies,” from which it can be concluded that the political elites who gathered in Buenos Aires these days are ready to classify them as a digital asset, but not as a currency.

The issue of classification of the cryptocurrency will be discussed at the summit today in the afternoon, reports Bloomberg.

Klaas Knot, chairman of the Vulnerability Assessment Committee of the Financial Stability Board, a supranational regulator formed by the G20 in 2009, and a manager of the Bank of the Netherlands, in a conversation with Bloomberg said:

“Call them crypto-assets, crypto-tokens, but not cryptocurrencies. I don’t think that at least one of them performs three roles that execute money in the economy.”

Recall that yesterday, against the background of the report of the chairman of FSB Mark Cerney that regulators do not intend to develop new laws to limit cryptocurrency, the rate of bitcoin rose by $ 1,000.

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