Germany and France work together on crypto rules

France and Germany work together on rules for cryptocurrency bitcoin. The two countries want to present their proposal at the G20 summit in Argentina in March.

That is what Bruno Le Maire, the French finance minister and Peter Altmaier, his outgoing German colleague, decided today, reports Reuters news agency .

"We have a responsibility to our citizens to explain and limit the risks", says Altmaier at a joint press conference in Paris.

Bitcoin hard down
The most valuable and best known cryptocurrency lost in the past few days half of its value compared to the peak of $ 20,000 in December.

In the last 24 hours the price rose again, at the time of writing a bitcoin is worth almost $ 12,000 again on the CoinMarketCap price page . This site calculates the weighted average of the prices of cryptocurrencies from multiple exchanges.

The enormous fall in prices was partly caused by speculation that China and South Korea are working on regulations to regulate the trade in cryptocurrencies more strictly .