G20 Financial Stability Board rejects calls to regulate Bitcoin

According to Reuters, the G20 Financial Stability Board (FSB) Bitcoin as crypto money refused calls from several countries to regulate their units.

Nevertheless, the FSB underlined the need for further international coordination in the pursuit of these rapidly evolving technologies.

G20 Financial Stability Board rejects calls to regulate Bitcoin

“The first assessment of the FSB is that these crypto assets do not pose a risk to global financial stability,” FSB President Mark Carney wrote in a letter to finance ministers and central bank managers who could not be found in Buenos Aires on Monday and Tuesday.

FSB President Carney’s statement on the official website in that position was also included.

Bitcoin’s reaction from the G20 was positive. Bitcoin, which traded at $ 7600, climbed rapidly in half an hour to $ 8,200. Other crypto bills followed this rise in Bitcoin.

We will continue to pursue outstanding developments in Bitcoin and crypto money at G20 …

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