A draft of the G20 cryptographic document obtained by Bloomberg says that the crypto currencies are "deprived of the features of the country currencies" and that the G20 sees the crypto as an asset instead of a currency.
It is expected that the issue of how to define crypto-money will be discussed in more detail.
G20 crypto issue
Klaas Knot, chairman of the Financial Stability Board (FSB), an international regulatory body created by the G20 in 2009, said to Bloomberg, president of De Nederlandsche Bank NV:
You call it crypto assets, or crypto tokens, but its name is definitely not crypto. It's just the part that interests me. I do not think any of these crypts take on the 3 roles that money plays in an economy. Not satisfactory.
Yesterday, a letter from the Bank of England and the FSB President to the G20 indicated that crypto currencies are not a risk to the world economy. After this news, the price of Bitcoin (BTC) increased by about $ 1000.
