French and German finance ministers and central bank officials urged the political and monetary implications of crypto-currencies to be on the agenda of the upcoming G20 meeting. The finance minister of Argentina, who is the term president, wrote about the financial stability effects of crypto currencies in the G20 letter. He also talked about an International Monetary Fund report on the work on "cross-border" action that regulates them.
France and Germany are in common call
French finance minister Bruno Le Maire, German counterpart Peter Altmaier, French central bank official Francois Villeroy de Galhau and German counterpart Jens Weidman wrote in common:
'We believe that new opportunities arise from the technologies behind these.However, markers can pose significant risks to investors. Failure to take appropriate measures can be vulnerable to financial crime. In the long run, potential risks may arise in the area of financial stability