Whats the heck is G20?

Let start of explaining what is G20.G20 stands for Groups of 20 ,which consist of these following country
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, and the European Union .
These meeting are held once a year for two days. In these meeting the G20 talks about the most important financial and economic issue of the day with that being said cryptocurrency whats the topic the first day, since crypto had a huge bull run many people are interested in this topic. This year meeting was held in Buenos Aires,Argentina.

What happen in the meeting?

In this meeting the G20 discus about cryptocurrency and the Finance ministers and central bank governors declared that "They don't consider cryptocurrency to be a currency at all.but rather assets" but with them saying this they also said they will still monitor this new technological innovation. So there still not sure how to regulate cryptocurrency but did mention that they will check this issue on July. Even though they want to regulate cryptocurrency there still a few member of the G20 that won't allow regulate of cryptocurrency in there country. So this is a good move for the crypto economy even though many people had fear of this meeting but even the g20 see cryptocurrency has a positive thing to help. The only issue the G20 saw in this was people using crypto for money laundering but even we don't want to use crypto for money laundering.

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