During this week’s G20 summit in Buenos Aires, Argentina, France’s minister of Finance Bruno Le Maire highlighted the importance bitcoin and cryptocurrencies may have in the world’s economy. Le Maire pointed out that France, along with Germany, called for cryptocurrencies to placed on G20’s agenda.
The minister revealed that France will start working on cryptocurrency regulations before the rest of the world, in a bid to put Europe at the forefront of the digital economy. As covered, G20 has called for cryptocurrency regulation recommendations by July this year, seemingly confirming rumblings of a crackdown on cryptocurrencies are out of the picture. Le Maire, like most of the world’s leaders, added that cryptocurrencies may be used in illicit activities, but noted that he “firmly believes this technology is very positive for every country.” For that to happen, however, “we need to have regulations, and Europe will lead the process.”